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Senator Ihenyen

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

FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to RegulatorsThe 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 […]

Trump taps pro-Bitcoin Scott Bessent as Treasury secretary

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

Nigerian Blockchain and Crypto Association Introduces a Code of Conduct for VASPsThe 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 […]

Trump taps pro-Bitcoin Scott Bessent as Treasury secretary

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

Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi OperatorsThe 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 […]

Trump taps pro-Bitcoin Scott Bessent as Treasury secretary

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

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

Trump taps pro-Bitcoin Scott Bessent as Treasury secretary