Senator Ihenyen – DIGIT INFO

FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators

DIGIT — Wed, 16 Nov 2022 10:00:18 +0000

The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed and over-restrictive regulations. The Game-Changing Role of Crypto in Africa As the crypto […]

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Nigerian Blockchain and Crypto Association Introduces a Code of Conduct for VASPs

DIGIT — Mon, 06 Jun 2022 08:49:43 +0000

The Nigerian blockchain and crypto advocacy group, the Stakeholders in Blockchain Technology Association in Nigeria (SIBAN) recently announced the introduction of a code of conduct for Nigerian virtual assets service providers. The code of conduct, which was initiated by the office of the President of Nigeria, applies to all Nigerian VASPs. Making the Nigerian Blockchain […]

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Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators

DIGIT — Thu, 27 Jan 2022 05:00:03 +0000

The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry. Proposed Law Does Not Expressly Mention Cryptocurrencies As Nigerian lawmakers debate a bill that proposes a ten-year jail term for operators […]

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Leader of Nigerian Crypto Stakeholders’ Body Welcomes the E-Naira — Says It ‘Comes With No Magic Wand’

DIGIT — Sun, 01 Aug 2021 09:30:30 +0000

Nigeria’s proposed digital currency, the e-naira, is likely to be a welcome boost to ongoing efforts to reduce the number of Nigerians that are financially excluded, a leader of a stakeholders’ body has said. However, according to Senator Ihenyen, the president of Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), the success of such a […]

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Big Brother Nigeria Housemates Participate in Bitcoin Quiz, Get $500 BTC as Reward

DIGIT — Wed, 19 Aug 2020 03:45:05 +0000

Eighteen housemates of Nigeria’s version of Big Brother took part in a bitcoin quiz with each participant getting $500 worth of BTC as prize money. Big Brother Naija (BBN) reportedly agreed to this unusual step as part of moves to offer more than just entertainment to its audience. As part of BBN’s in-house quiz segment […]

The post Big Brother Nigeria Housemates Participate in Bitcoin Quiz, Get $500 BTC as Reward appeared first on Bitcoin News.

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Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria

DIGIT — Tue, 28 Jul 2020 08:03:03 +0000

Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross border payments as well as for international remittances among many growing use cases. However, this […]

The post Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria appeared first on Bitcoin News.

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