Crypto firm executives to hold a meeting with Nigerian securities regulatory body
The executives from the Nigerian crypto exchanges decided to hold a meeting with the Nigerian financial regulator to discuss the current & future of crypto in the jurisdiction of Nigeria.
Nigeria is a very big hub of the crypto & blockchain sector. The majority of the population in this country is aware of cryptocurrencies & also a big fraction of the population of this country depends upon crypto trading to earn money for daily living. Despite Nigerian citizens’ inclination toward crypto, the financial regulators are not open to adopting this sector blindly.
Cointelegraph news website reported that the Blockchain Industry Coordinating Committee of Nigeria (BICCoN) decided to hold a meeting with the Nigerian Securities Exchange Commission (SEC) and some other executives of the crypto companies.
Lucky Uwakwe, the BICCoN chairman, told Cointelegraph that the meeting will be held on 6 May 2024 and all the crypto leaders & executives are open to attending the meeting.
It means all the crypto people who provide crypto services via any kind of platform e.g. digital assets exchange, wallet providers, other virtual asset service providers (VASPs), and relevant industry associations and bodies are invited to attend the meeting to address pertinent issues and chart a progressive course for crypto regulations in Nigeria.
With this meeting, crypto leaders of Nigeria aimed to bring a spark of positive light for the future of cryptocurrencies in the jurisdiction of Nigeria.
Binance vs Nigeria
The whole crypto sector is aware of the Binance vs Nigeria conflict.
A couple of months ago, the Nigerian authorities detained two Binance executives over money laundering & other charges.
In the initial phase of arrest, the Nigerian authorities were open to talk on the case.
At the latest, the court delayed a trial about money laundering involving Binance exchange and two of its leaders. The trial will now happen on May 17 because the exchange’s lawyer said they hadn’t received the necessary documents to get ready for the case.
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