Bad news

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Avatar for Leo_kitti
3 years ago

I don't feel so good anymore 🤒

Hey guys!

So remember when I told you about my story "Scorched" I was making into a book, well that was because I got scouted for and offered a signing contact for the book. Things have been going smoothly and as planned and sometime last week I got a positive feed back, they liked my story and will be offering me an exclusive contact.

Cool right?! Lol

The book will be released on a website and I could get paid for it consistently and options for pay aren't so diverse but I opted to be paid in crypto as it would reduce cost and will be easier for me.

Just this past week, the central bank of Nigeria (CBN) ordered all commercial Banks to ban the crypto accounts, so Banks won't be able to facilitate payment for crypto exchanges, Binance has already suspended deposits using NGN.

I honestly don't know how to feel anymore 😭 Crypto investments....

I did a crypto investment that would last 6 months and March/April was supposed to be the end of that six months.

This ban is a direct attack on young Nigerians and the government is to dumb to understand or foresee the effect that this ban will have on the economy, the value of naira to Dollar will decrease drastically. It will eventually cripple the economy and plunge many into poverty.

This move they made us just to show how much they actually don't care.

I pray it gets reversed. The next presidential election is in two years. Can we wait? Would it be too late? What solutions do we have?

This is indeed bad news.

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3 years ago

Comments

Oh wow- and having to keep converting it just to get naira would cost way more than it should with all the transactions

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3 years ago

Exactly, somehow I still hope it works out

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3 years ago

i hope they reduct this-- cuz it really shows how little they care about the people

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3 years ago

I'm just like you tbh I have some crypto investments and rn all I can do is keep investing since I can't get my money in Naira.

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3 years ago

They will have to reverse it someday 😔💔

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3 years ago

Tbh there's no other way

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3 years ago