Developer of Nigeria's First Bitcoin Teller Machine Speaks on Cryptocurrency Regulation
Recently the Central Bank of Nigeria issued a directive restricting banks from carrying out transactions on cryptocurrencies following concerns around the anonymity, lack of transparency and uncertainties that it believes defines the digital asset.
The Securities and Exchange Commission also issued its statement affirming that it has jurisdiction over cryptocurrency as a digital asset, but will work with the CBN on the processes of managing the risks associated with it.
This has led to an invitation of both financial and capital market regulators by the Senate Committee on Banking and Finance to a proposed hearing on "Cryptocurrencies" in Abuja.
While the issues around the digital assets especially "Cryptocurrencies" has generated a lot of debates in the country, WebTV in this interview engages Daniel Adekunle the developer of Nigeria's first Bitcoin Teller Machine & Blockchain technology expert provides his perspective on regulating "Crypto Assets" in the Nation.