Cryptocurrency Has Made Our Currency Almost Useless And Valueless"- Senator Sani Musa (Video)

Senator Sani Musa has said that the use of Cryptocurrency has made the Nigerian currency almost useless and valueless, IgbereTV reports.

Senator Sani said this on Thursday, February 11, during plenary while he and other lawmakers debated on the CB's decision to ban the use of digital currency in Nigeria.

He said;

''Crptocurrency has become a world wide transaction of which you can not even identify who owns what. It is being protected by an app or stuck to a bloc chip. The technology is so strong. I don't know the kind of regulation that we can do

Another very important thing that we should know is that Bitcoin has made our currency almost useless or valueless because I can remember that about six or seven years ago, my son bought three pieces of Bitcoin online and today, he is coming to tell me that he has Bitcoin for sale.

Where is it because it is not physical.

He said he has it on sale because he has bought it and each one is going for N17 million. So if we have an economy that is very weak and we cannot regulate Cryptocurrency in Nigeria, then I don't know how our economy will be in the next few years "

See video below.


https://www.youtube.com/watch?v=zipSHN-128o

On February 5, the apex bank instructed all banks to close accounts of any of their customers trading in Cryptocurrency. According to the CBN, Cryptocurrencies are being used to finance crimes such as Terrorism, kidnapping, and others.

https://igberetvnews.com/1382325/cryptocurrency-made-currency-almost-useless-valueless-senator-sani-musa-video/

Lalasticlala

Anything the north isn't heavily featured in, ....

You have made Nigeria very useless

Not the government-induced inflation, floating of the naira to the dollar, mopping up of Forex, constricting or somersaulting economic policies,

Yes I support your motion Jarey...


Senator Muntula na Cryptocurrency cause am wey dollar neva be 1 naira...


Na Cryptocurrency cause inflation...


Na Cryptocurrency cause unemployment...

Na Cryptocurrency make fuel cost...


If Foolishness or stupidity get state of origin or region we know where e go be....

I'm glad northern parasites are beggininig to reavel themselves as ENEMIES OF ECONOMIC PROGRESS.
Southern and Middle Beltans are now seeing for themselves that "One Nigeria" is USELESS AND A CURSE.
Join the campaign for TOTAL DISINTEGRATION OF NIGERIA.

[quote author=inoki247 post=98998340]Yes I support your motion Jarey...


Senator Muntula na Cryptocurrency cause am wey dollar neva be 1 naira...


Na Cryptocurrency cause inflation...


Na Cryptocurrency cause unemployment...

Na Cryptocurrency make fuel cost...


If Foolishness or stupidity get state of origin or region we know where


U no go kill person,who we offend to b lumped with Northerners?

How bitcoin devalues the naira is what I don't really understand.

So many youths are now living fine because of opportunities which abounds in blockchain technology.

Some are bloggers on crypto sites like Steemit, uptrend, blurt, hive etc, some are ambassadors to certain projects, some are traders on binance and other exchanges, some make massive money through airdrops and the list can go on and on.

These old men don't even know what they are saying, they are just banking on "hearsay".

Believe you me, if it was possible for the Nigerian youth to generate their own electricity, we would have done that since and leave these old idiots alone.

I'm so angry that we share a country with the Northerners. It's just so sad.

It wasn't inflation or bad monetary policies?