The Blockchain Industry Meeting Was Originally Scheduled For 10 AM Monday (Today)
The proposed meeting between stakeholders in the blockchain industry and the Director General of the Securities and Exchange Commission, Emomotimi Agama, earlier scheduled for 10 am today (Monday, May 6, 2024) has been rescheduled.
The virtual meeting being facilitated by the Blockchain Industry Coordinating Committee of Nigeria (BICCoN) will now hold at 2:30 pm today, Monday 6, 2024.
This change in time was disclosed in an email sent to Digital TimesNG early Monday and signed by the Public Relations Officer of the Blockchain Industry Coordinating Committee of Nigeria, Kue Paul.
The email partly read, “Thank you for your interest in attending the interactive session with Dr. Emomotimi John Agama, Director General of the Securities and Exchange Commission.
“The Blockchain Industry Coordinating Committee of Nigeria is facilitating this event specifically for the Nigerian blockchain industry.
“Please note that the interactive session with the SEC DG has been rescheduled for 2:30pm WAT on Monday, May 6, 2024.”
Digital TimesNG checks revealed that the government may choose to temporarily halt the P2P crypto trading to enable it to develop a comprehensive set of rules for effective regulation of the space.
Other sources privy to the meeting said the government might engage the crypto stakeholders on a new set of rules that could be deployed to regulate the space better.
The CBN had in 2021, restricted banks and other financial institutions from operating accounts for cryptocurrency service providers.
However, in December 2023, the financial regulator lifted the ban and announced a reversal of the policy.
But there were fresh concerns in February over the activities of the largest cryptocurrency exchange in the world, Binance, on its peer-to-peer platform, such as implementing a price cap on USDT trading.
Authorities said those activities contributed to the devaluation of the naira and destabilised Nigeria’s economy.
