Nigeria’s blockchain future depends on local talent, experts say
Local experts note that if Nigeria adopts a foreign blockchain it would be difficult for the country to stamp its influence on key blockchain decisions. Go to Source
Nathaniel Luz
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Nigeria’s SEC-Crypto License
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money laundering (AML) practices, … Read more
Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims
Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a claim that is being propagated by persons who do not fully grasp the dynamics in … Read more
FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed and over-restrictive regulations. The Game-Changing Role of Crypto in Africa As the crypto … Read more
Book by Nigerian Author Reminds New Adopters Why Bitcoin Was Created
Nigerian author and crypto advocate Nathaniel Luz has said his recently published book represents his attempt to remind people of the initial reason why bitcoin was created. He said bitcoin is the summation of over three decades of research and experimentation. Noise of Other Cryptos Drowning Out Message of Bitcoin A Nigerian author and crypto … Read more
