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A Rundown of Crypto Regulations Around the World in 2022
Blockchain Technology Regulatory Compliance Technology Law January 1, 2023

A Rundown of Crypto Regulations Around the World in 2022

Given the high rate of regulation in the preceding year, 2022 started on a promising note for the crypto industry, with a total market cap of $2.2 trillion on January 1. At the time of writing, global market cap is about $810 billion, representing a drop of over $1.3 trillion. This is huge. And this perhaps demonstrates why crypto regulation is vital. Consumer protection and investor safety must be safeguarded. Here’s a rundown of crypto regulations around the world in 2022.

International Businesses in the Digital Economy: Why Nigeria Adopted its Significant Economic Presence (SEP) Rules over OECD’s Corporate Tax Agreement
Corporate Law & Practice Industry Insight Regulatory Compliance Technology Law September 28, 2022

International Businesses in the Digital Economy: Why Nigeria Adopted its Significant Economic Presence (SEP) Rules over OECD’s Corporate Tax Agreement

In this article, Jude Ayua briefly highlights and discusses the provisions of the OECD framework on base erosion, profit sharing, and taxation of international businesses in the digital economy, the three reasons why the FIRS rejected it, and the four steps FIRS has taken to ensure that Nigeria’s revenue is not hurt by its decision.

What Digital Platforms and Intermediaries Should Know about NITDA’s Code of Practice for Nigeria’s Digital Space
Industry Insight Startup Law Technology Law September 24, 2022

What Digital Platforms and Intermediaries Should Know about NITDA’s Code of Practice for Nigeria’s Digital Space

In this article by Gabriel Eze, we consider part by part the provisions of NITDA’s draft Code of Practice for Interactive Service Computer Platforms and Digital Intermediaries (draft Code of Practice). looking at both sides of the coin as well as the edge.

The Role of Centralized Crypto Exchanges in Sanitizing the Crypto Market: Lessons For Nigeria
Blockchain Technology Technology Law July 2, 2022

The Role of Centralized Crypto Exchanges in Sanitizing the Crypto Market: Lessons For Nigeria

According to the Chainalysis Crypto Crime Report 2022, about $8.6bn worth of cryptocurrency were laundered in 2021, which means a 30% increase from the 2020 report.

As we observed in the introductory paragraphs, KYC, AML/CFT controls are some of the effective ways centralized exchanges are combating fraud and other criminal activities like money laundering, terrorism financing, scams, ransomware, etc. To set up adequate rules and protocols, centralized exchanges often rely on the services of data analytics experts (including legal experts) to ensure that where and when necessary, there is due compliance with the law and relevant rules and regulations in operation within a given jurisdiction as well as international standards and practices. 

Crypto Lending: Using Cryptocurrency as Security for Fiat Loans and the Status of Cryptocurrency in Nigeria
Blockchain Technology Startups Technology Law June 2, 2022

Crypto Lending: Using Cryptocurrency as Security for Fiat Loans and the Status of Cryptocurrency in Nigeria

Stephen Azubuike Introduction  Beyond the mere promise to repay loans, prudent business entities and financial institutions generally rely on security in advancing loans to borrowers. The idea of security is the underlying assurance tied to something of value which flows.. Read more

NITDA fines Sokoloan N10 Million for privacy invasion: Lessons for Businesses that Control Personal Data in Nigeria
Data Protection and Privacy Tech Entrepreneurs August 26, 2021

NITDA fines Sokoloan N10 Million for privacy invasion: Lessons for Businesses that Control Personal Data in Nigeria

by Gabriel Eze, Associate   Privacy breaches by online lending platforms; the new normal that must be curbed?   Data-privacy breaches by a number of online lending platforms in Nigeria appear to be the new normal that must be curbed… Read more

Incorporating your company in the US
Startup Law Startups Tech Entrepreneurs June 24, 2021

Incorporating your company in the US

Whether it is in Delaware, Wyoming, or other states in the US, incorporating a US company for your business is at your fingertips Many entrepreneurs and innovators, for various reasons, are increasingly looking to incorporate their companies in the US… Read more

The Phoenix—incorporate your company abroad
Startups Tech Entrepreneurs June 24, 2021

The Phoenix—incorporate your company abroad

Incorporating your company abroad with the structure used by the most innovative companies in the world. As an entrepreneur or innovator in today’s global economy, incorporating your company in the most friendly and suitable jurisdictions in the world has become.. Read more

Crowdfunding portals and digital commodities investment platforms in Nigeria: Before crowdfunding is crowded out
Industry Insight Regulatory Compliance Startups Tech Entrepreneurs June 4, 2021

Crowdfunding portals and digital commodities investment platforms in Nigeria: Before crowdfunding is crowded out

by Senator Ihenyen, Lead Partner   Download the PDF version here.   Introduction Crowdfunding today is no longer charity. It is serious business. And the ever-growing digital economy has been a big part of this. New business models as well as.. Read more

Blockchain & Cryptocurrency Business in Nigeria: Legal Compliance & Business Considerations
Blockchain Technology Startup Law Tech Entrepreneurs May 31, 2021

Blockchain & Cryptocurrency Business in Nigeria: Legal Compliance & Business Considerations

by Gabriel Eze, Associate Photo by André François McKenzie on Unsplash   Legal compliance is key to building and sustaining a reputable brand Understanding the legal terrain where a business is or will be located and complying with its legal requirements.. Read more

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