Nigerian Blockchain Leader: approval of two cryptocurrency exchanges brings much-needed regulatory clarity

Nigeria recent approval of two digital asset exchanges is a welcome development for the industry, according to Obinna Iwuno, head of the Nigerian Blockchain Advocacy Organization. According to Iwuno, the move will help to dispel negative perceptions surrounding Nigeria's cryptocurrency space, which intensified after the detention of Coin executives earlier this year. Iwuno insisted that Nigeria, as a major player in cryptocurrency trading in Africa, should take the lead in regulation and licensing. On the imprisonment of Gambaryan, the SIBAN leader urged Nigerian officials to uphold the rule of law and adhere to global practices and human rights standards.