The lobby insists that “crypto is legit” and has subsequently launched a Twitter campaign to get cryptocurrencies regulated. regulation cryptocurrency
came into effect, the advocacy group called on various bodies and government ministries to play their part in ensuring cryptocurrencies become a recognized and regulated asset class. The statement also discusses the potential benefits of regulating cryptocurrencies.
“Today we advocate equal access to banking and financial services by virtual asset service providers without discrimination in accordance with the Nigerian Constitution, applicable laws, and particularly Nigerian laws on anti-money laundering and combating the financing of terrorism regulations. Amongst other benefits, this approach will aid investigations by our law enforcement agencies, including the Nigeria Police and the Economic and Financial Crimes Commission ,” SIBAN explained.
Before February 5, 2021, both the SEC and the central bank appeared to be overseeing the crypto industry, with the former having issued a
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