Nigeria central bank missed opportunity for blockchain regulation in 2021

A group of Nigerian digital asset professionals took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023 in Abuja, to discuss the future of digital asset regulation in Nigeria.

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.

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In response, Itonyo stated that the already established blockchain policy is Nigeria’s first step toward ensuring the safety and protection of crypto investors. He also revealed that NITDA has set up a steering committee to facilitate the implementation strategies of the national blockchain policy. According to Itonyo, the CBN and the Nigerian Communications Commission are committee members.

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