by Jude Ayua, Associate Download PDF version here. Introduction Cryptocurrency adoption in Nigeria by the private sector came with legal, social, and economic implications as the government attempted—sadly unsuccessfully—to regulate the industry. While the Central Bank of Nigeria (Central.. Read more
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Blockchain Technology
December 5, 2023
The Need for a Rights-Based Approach to Cryptocurrency Regulation in Nigeria
Blockchain Technology
Industry Insight
Policy & Regulations
June 30, 2023
Has the “cryptocurrency ban” in Nigeria been lifted?
Immediately after handover to President Bola Ahmed Tinubu on 29 May 2023, the news of a “cryptocurrency tax” in the country hit the public. This was not without its attendant breaking-news, eye-grabbing headlines.2 Understandably, many Nigerians appear to believe, albeit wrongly, that the Tinubu administration had introduced a “cryptocurrency tax” in Nigeria. This, as long as many saw it, signaled the acceptance of cryptocurrency by the Federal Government in Nigeria. Across the blogosphere, social media, and some traditional news channels, the news of how the Federal Government has finally lifted the “cryptocurrency ban” spread fast.3
The question is: Has the “cryptocurrency ban” in Nigeria been lifted?
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.
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
Other Posts
March 21, 2021
Analyzing the Use of Cryptocurrencies in Nigeria for Illegal Activities: Before We Kill the Goose that Might Lay the Golden Egg
by Senator Ihenyen Introduction Cryptocurrency is one of the innovative applications of blockchain technology to finance. Using cryptography, this innovation introduces a new way to create, own, store, and transfer digital currency or “virtual currency” in an increasingly data-driven global.. Read more