Nigerian president-elect aims to use blockchain technology in the banking sector
The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth. Nigerian President-elect Bola Tinubu has recently released a manifesto that, if implemented, would enable the use of blockchain technology and Cryptocurrencies in the nation’s Banking and Finance sector . The manifesto suggests reviewing existing Security Exchange Commission (SEC) regulations on digital assets to make them more business-friendly. The new regulation provides a framework for regulating digital assets like cryptocurrencies and other digital tokens in Nigeria. The suggested regulations would require digital asset companies to register with the SEC and mandate that all digital asset offerings and investments comply with SEC regulations. Nigeria's President-elect, Bola Tinubu. In the manifesto, Tinubu said: “We will reform the policy to encourage the prudent use of blockchain technology in Banking and finance, identity management, revenue collection and ...