The President-elect of Nigeria, Bola Tinubu, recently released a manifesto that, if implemented, will allow the use of blockchain technology and cryptocurrencies in the country's banking and financial sector.
Politics and Society March 17, 2023
The manifesto suggests revising existing Nigeria Security Exchange Commission (SEC) regulations on digital assets to make them more business-friendly.
The new regulation provides a framework for regulating digital assets like cryptocurrencies and other digital products in Nigeria.
The suggested regulations would require digital asset companies to register with the SEC and mandate that all offerings and investments in digital assets comply with SEC regulations.
In the manifesto, Tinubu said, “We will reform the policy to encourage the prudent use of blockchain technology in banking and finance, identity management, revenue collection and use of crypto-assets. We will establish an advisory committee to review SEC regulation on digital assets, creating a more efficient and business-friendly regulatory framework”.
For monetary donations to the project:
Novo Banco - Portugal - IBAN: PT50 0007 0000 0016 8454 5662 3 - SWIFT/BIC: BESCPTPL
Bank of Commerce and Industry (BCI), R. Rey Katiavala, 224, Luanda - Account 4102547210-001