{"id":22039,"date":"2023-09-07T08:56:49","date_gmt":"2023-09-07T08:56:49","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/nigeria-central-bank-missed-opportunity-for-blockchain-regulation-in-2021-convexity-ceo\/"},"modified":"2023-09-07T08:56:51","modified_gmt":"2023-09-07T08:56:51","slug":"nigeria-central-bank-missed-opportunity-for-blockchain-regulation-in-2021-convexity-ceo","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/nigeria-central-bank-missed-opportunity-for-blockchain-regulation-in-2021-convexity-ceo\/","title":{"rendered":"Nigeria central bank missed opportunity for blockchain regulation in 2021 \u2014 Convexity CEO"},"content":{"rendered":"
A group of Nigerian digital asset professionals took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)\u2019s Digital Assets Summit 2023 in Abuja, to discuss the future of digital asset regulation in Nigeria.<\/p>\n
In the panel titled The Future of Digital Assets: Regulatory Uncertainty and the Way Forward, the group discussed why implementing digital assets regulation and blockchain policy has been slow in Nigeria.<\/p>\n
The developmental regulation created by\u00a0The National Information Technology Development Agency (NITDA) is a big step toward understanding and creating a favorable environment for the blockchain and crypto industry, according to Adedeji Owonibi, CEO of Convexity. Owonibi stated that this step is what the Central Bank of Nigeria (CBN) should have taken back in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks. <\/p>\n