The meeting is expected to spark positive changes benefiting all stakeholders in cryptocurrency in Nigeria and internationally.
Cryptocurrency exchanges meet the Chairman of the Securities and Exchange Commission of Nigeria for regulatory talksNews
Nigeria's Blockchain Industry Coordination Committee (BICCoN) holds a round table on May 6 between the new Director General of the Nigerian Securities and Exchange Commission (SEC) and domestic and international cryptocurrency exchanges to discuss the state of cryptocurrencies in the country and seek consensus.
The Chairman of Nigeria's Blockchain Industry Coordination Committee, Lucky Awakwe, explained in a call with Quintelegrave that the meeting was open to all digital asset exchange operators, portfolio providers, other virtual asset service providers (VASPs), relevant industry associations and bodies to address related issues and chart a gradual path to Nigeria's cryptocurrency regulations.
Awakwe also explained that the virtual meeting was convened at the invitation of Emutimi Agama, the new Director-General of the Securities and Exchange Commission. Agama aims to engage with key stakeholders in the blockchain and cryptocurrency ecosystem to address regulatory challenges and opportunities through collaborative dialogue.
Agama, who was finally appointed to head the regulator, is known for his wealth of experience in blockchain and the capital market.
According to Awakwe, the meeting will allow different industry associations to present their views on the current status of cryptocurrencies in Nigeria.
Some of these associations include the Blockchain User Group of Nigeria (BNUG), the Cryptocurrency Development Initiative of Nigeria (CDIN), the Digital Currency Consortium (DCC) and stakeholders of the Blockchain Technology Association of Nigeria (SiBAN).
Awakwe expressed the hope that the meeting would bring about the right kind of change that would be in the interest of all stakeholders in cryptocurrency in Nigeria and internationally:
"Everyone's presence and visions are invaluable because we move collectively in the regulatory sphere and strive to foster an environment conducive to innovation and growth.