The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) will be hosting a roundtable discussion on May 6, bringing together the new director general of the Nigerian Securities and Exchange Commission (SEC) and local and international cryptocurrency exchanges. The purpose of the meeting is to address the current status of cryptocurrency in the country and establish a consensus. Lucky Uwakwe, the chair of BICCoN, emphasized that the meeting is open to all digital assets exchange operators, wallet providers, and other relevant industry associations and bodies. The director general of the SEC, Emomotimi Agama, who has extensive experience in blockchain and the capital market, invited key stakeholders to engage in collaborative dialogue to tackle regulatory challenges and explore opportunities in the blockchain and cryptocurrency ecosystem. Uwakwe expressed optimism that the meeting could bring about positive change for all crypto stakeholders in Nigeria and beyond. Nigeria’s recent actions, including launching investigations into cryptocurrency usage and proposing amendments to registration fees for crypto exchanges, have been met with criticism. Some argue that the high fees would favor foreign companies and disadvantage local entities.
Meeting Scheduled Between Nigerian SEC Chief and Crypto Exchanges for Regulatory Discussions