Cryptocurrency

Public Statement on Cryptocurrency Clampdown in Nigeria, 22 November 2021

Introduction We are the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), the intercommunity working group set up by players in Nigeria’s emerging blockchain industry. BICCoN is constituted by the three major blockchain bodies/communities in Nigeria, namely the Blockchain Nigeria User Group (BNUG), Cryptography Development Initiative of Nigeria (CDIN), Stakeholders in Blockchain Technology Association of 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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