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Stakeholders urge Nigeria to adopt compliance-focused crypto regulation

While the government’s concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes.

Local crypto stakeholders have voiced strong support for a regulatory framework centered on compliance rather than criminalization for Nigeria’s cryptocurrency industry. 

Obinna Iwuno, former president of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), has emerged as a key advocate for a more balanced and constructive approach to crypto regulation in the country.

In an interview with Cointelegraph, Iwuno argued that Nigeria’s current regulatory approach, which has led to high-profile legal battles and the detention of cryptocurrency executives, is not only counterproductive but also potentially damaging to the country’s global reputation. 

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Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth 6 MillionAccording to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have […]

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