Nigeria: Crypto Experts Call for Regulations to Help the Industry Grow

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Cryptocurrency experts in Nigeria have recently called for “urgent regulations” on cryptocurrencies so the sector can gain the public’s trust, and become beneficial for the country’s economy. Luno, a South-African based crypto startup that operates in 40 other countries, announced that regulations will strengthen cryptocurrency-related operations in the country. At an event called Luno Meet in Lagos, country manager Owenzie Odia argued regulations will help cryptos’ popularity surge. Speaking on the theme “Building Trust in Nigeria’s cryptocurrency Market,” Odia noted the sector has various risks, which include volatility and bitcoin’s fame as a currency used for illicit purposes on the dark web, but added his platform has been growing at a steady pace. Read more….

 

 

 

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