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Obinna is quite knowledgeable. Unfortunately, this subject is beyond the capacity of the people in Nigeria's government because the government is populated by old people and people who are recruited based on their connections rather than competence
CBN govt needs to consult me so I can educate him on how this system works. Every crypto fund is traceable on centralized exchanges.
What people does not know is that Binance manages your wallet for you. They have access to all the transactions, wallet generated, assets, etc. Binance is not Trust Wallet. CBN governor saying that they can not track money laundering on Binance is a big fat lie considering the fact that users must perform level 2 KYC for P2P😂😂😂
Are you guys deaf? 26 billion dollars was laundered through Binance in a year. That amount is enough to pay more than half of Nigeria's debt. Why would any sane president let that slide? Tinubu will never let them go scot-free.
We justs secured a 30 billion dollars investment and Tinubu is celebrating it, yet we lost 26 billion dollars to Binance through money laundering. That amount is enough to crash our Naira, and it did.
😂
What a joke
😂
Nigeria.
We are a joke.
Is this guy reading from a textbook or something? Too much beating around the bush without answering questions. Binance is a KYC platform, Govt. can simply subpoena them to get the list of alleged money launderers. if they say they know the amount of money laundered on Binance but don’t know who did it then it’s because they don’t want to reveal who and just looking for scapegoat. All this long yarns no necessary. Simple question and answer dey always hard Nigerians.
I have binance account and all deposits made to my binance account are from my main account and binance do not accept deposit which is not from the users account or third party account. And coming to withdraw all my withdraw goes to ny main bank account.
Trading crypto is just like trading other comondities like Gold, crude and grains (Going by this measure on Binance, market and women should also be banned). The FG is just chasing the rats while the house is burning, if the FG is intentional about its actions to stabilize the Naira most banks will be investigated and banned from trading FX because common Nigerians can't get the FX in the banking hall while the CBN claims to have supply them enough FX. Binance is not an issue here , this issue shows the inefficiency of the CBN governor
Mr Obinna is my new friend. With that he has shared, this will be my stop to hearing any other noise from the Government.
Buhari's regime famously blamed AbokiFX for Naira's woes. Now, this equally clueless government is blaming Binance.
My take on @ChannelsTV, severally listened to their interview and saw how their question went… makes me wonder where their narrative truly comes from… JUST SAYING
Mr Obinna is a wise man
This guy is very stopped by call bianca she is the minister of finance? Foolish man, you leave buhari who carry money with acha, emefele,malami and calling Bianca, some of the are afraid to call buhari, he is calling Bianca because he thinks he is more powerful than she, you don't no who is Bianca you should ask a question first
"it gives you privacy protection not anominity."
Even this dude doesn't know much, he needs more Schooling about Blockchain itself not all this pride of creating random association that won't really contribute much to the Blockchain ecosystem by claiming Presidency of this and that.
My question: Is Nigeria the the only Country that Binance is being used? If you really want to know more, understand the differences between: Centralized Exchanges vs Decentralized Exchanges after that, you should learn about the various kinds of Blockchain: Public Blockchain, Private Blockchain, Hybrid Blockchain and Consortium Blockchain. You must remember that the default and initial essence or purpose of Crypto currency does not have any form of transparency as it came with a decentralised motive before cowards like Binance, coinbase, FTX and and others came on board.
Bitcoin is an example, do you know who created it? Do you know its future? Why is Bitcoin calling the shots for other tokens? Can bitcoin be regulated? Do you need KYC to own Bitcoin?
Do you know the number of People keeping funds in their Hardware Wallets and Cold Wallets. Dey play! Have you asked why Binance-US is different from he regular Binance? That is because their Government understands the disruptive nature of Crypto Exchanges and they had to implement a lot from the Start. Your Government are just busy looking for excuses to dodge their economic sabotage and weakness. Is this the first time Dollar rate will increase. You all better tell them to face the real deal and stop fooling the Nation and its People.
I will put it this way, crypto currency is just a decentralized tool for financial freedom of the People at least for now. Things might change in the coming Years when various Government also accept the Blockchain Technology and then find a reasonable way to implement a CBDC (Central bank Digital Currency), any other thing aside is just nonsense. Since Binance is out now, then let’s hope your naira falls back to what it was at least before Jagaban became your president.
And just so you know, there is a new project coming up soon where by a Decentralised exchange will be able to perform more functions of a Centralized exchange as People are waking up, once it becomes a thing, KYC will also be useless. You also need to know Binance cannot leak the Data of their users by law. Its not Nigerian Company, so get things straight !
Binance doesn't trade in dollars and people who use binance doesn't trade with dollars, people only trade with Naira through their individual Nigeria bank accounts,
I think the government is trying to kick binance out of the country, so the government can push it on the people its own stable coin and e-naira.
Binance was initially based in China, then moved to Japan shortly before the Chinese government restricted cryptocurrency companies. Binance subsequently left Japan for Malta and currently has no official company headquarters.
This is a company that does not want regulation, it is not a matter of KYC, is an issue of transaction data that Binance refuse to hand over to Nigeria govt, what is the purpose of KYC if you don’t have data of transaction conducted on the platform.
OK. Binance is not the issue…just a part of it. But, should the govt not do anything and just allow that platform to continue to be a portal for ferrying money out of Nigeria?
Good interview…. You are very right sir
Naija govt is just looking for whom to blame for their monumental failure. That's all.
The lady is mostly asking unreasonable questions.
Transacting participants in sending & receiving sides at Binance have KYC, as such amount that passed are known by CBN & NG cvber security. The fact that Binance was banned by FG in 2021 to operate cryptocurrency in Nigeria, but she disobeyed for 3yrs, with $26billion on the average for unjustified finances, justifies the fine of $10billion.
Binance is unstoppable
Come and invest, come and invest…few days later Binance shutdown
wow see my course mate making mega sense