Blockchain Communities in​ Nigeria Engages with SEC Nigeria on Regulation Concerns

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A cross-section of Blockchain Communities in Nigeria, led by BNUGover a two-day period engaged with Security & Exchange Commission (SEC) in Abuja, Nigeria on​ 24-25 July to brainstorm on issues surrounding the regulatory environments of new Fintech products in an emerging market.

The event was facilitated by fsdAfricaEFInA and UKaids in partnership with​ SEC Nigeria who encouraged industry players to get acquainted with their current rules and regulation which typically applies to current participants pending when new rules will be made available.​ BNUG made a presentation on the State of Blockchain & Virtual Financial Assets in Nigeria on the first day.​
Our message was,​ “Regulate, but don’t stifle the​ innovation”.​ 
It was,​ by far the most fruitful deliberation with any Regulatory Agency on this subject of blockchain and crypto assets to date.​ It was an awesome experience.
Nigeria will get it right in this Blockchain stuff!

Blockchain is disruptive and exciting for the governance of nations and cities due to the three​ main characteristics; transparency, immutability and security​ plus the​ revolutionary economic model​ that it can provide. How can Nigeria and the rest of Africa position for the revolution being unveiled in a decentralized future. Start making plans to attend.

Huobi Exchange is partnering with Blockchain Nigeria User Group to hold our Unchained Blockchain Meetup at Wennovation Hub, located on the 1st Floor of Plaza B, -Bright Star Plaza, 50 Ebitu Ukiwe Street, Jabi, FCT. This the fourth edition of Unchained Blockchain events being organized by BNUG across Nigeria. Please plan to be there. Discussions will center around burning issues in the cryptosphere.

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