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Statement on the Plan of the Central Bank of Nigeria (CBN) to Launch a Digital Currency, June 2021

Statement on the Plan of the Central Bank of Nigeria (CBN) to Launch a Digital Currency, June 2021

The PDF version of this statement is available here.   About BICCoN  We are the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), the intercommunity working group set up by stakeholders in January 2021 to provide an intercommunity approach to blockchain technology adoption towards achieving a more collaborative, innovative, and safer blockchain ecosystem in Nigeria.    …

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Nigeria’s Fintech & Blockchain Industry’s Letter to the Central Bank of Nigeria (CBN) on Cryptocurrency Regulation (1 & 2)

Nigeria’s Fintech & Blockchain Industry Letter to the Central Bank of Nigeria (CBN) on Cryptocurrency Regulation (1 & 2)

Reproduced below is part 1 and 2 of the letter Nigeria’s Fintech & Blockchain Industry wrote to the CBN in March 2021 as its response to the CBN directive banning cryptocurrencies in Nigeria’s banking and financial system. The contributors to the letter are Fintech Association of Nigeria (FintechNGR); Blockchain Industry Coordinating Committee of Nigeria (BICCON), …

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Press release issued by Blockchain Industry Coordinating Committee of Nigeria (BICCoN), 13 February 2021

On Friday 5 February 2021, the crypto industry in Nigeria, local and international media, and members of the general public got wind of a circular by the Central Bank of Nigeria (CBN). The CBN circular is directed to all deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) in Nigeria. In …

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Communique—Blockchain Industry Coordinating Committee of Nigeria (BICCoN), 1 February 2021

Blockchain Industry Coordinating Committee of Nigeria  (BICCoN) was officially inaugurated 31 January 2021. An initiative of blockchain industry players in the country, BICCoN brings together key stakeholders in Nigeria’s emerging blockchain industry, including: Blockchain Nigeria User Group (BNUG); Cryptography Development Initiative of Nigeria (CDIN); and Stakeholders in Blockchain Technology Association of Nigeria (SiBAN). The constitution …

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