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I put these words together circa fortnight ago to help give a laser clarity assistance on the different regulatory roads to travel by @SECNigeria & @cenbank per their enabling statute-laws on crypto-assets.

#Cryptoreg #legaltender #bitcoin #blockchainsecurities
*Cryptocurrencies: SEC Nigeria Has No Power to Regulate Only the CBN Does*
For the purposes of issuance and regulation, cryptocurrencies do not fall within the regulatory remit of a national securities regulator like for instance the Securities and Exchange Commission (SEC) Nigeria.

#Cryptoassets @cenbank @SECNigeria #legaltender #cryptosecurities
Read 64 tweets

As always, an exciting experience for me to've facilitated yet another training, & contributed to further enlightenment of @SECNigeria on how they should go about regulating #CTPs, #crypto-assets such as securities, commodities and derivatives on commodities in #Nigeria.
For the opportunity, many thanks to @BlockchainNG, a foremost and quite resourceful #blockchain education and awareness creation network of crypto-savvy experts in #Nigeria and West Africa.

I will do a quick brush up for everyone here on the gold-marinated aspects of the speech.
In dreaming up a regulatory framework for #cryptoassets in Nigeria, it is only meet that the @CBN steps into the waters ab initio to play its roles of public legal tender currency operations, pursuant to Section 2 of the CBN Act 2007 legal tender law.

#Bitcoin #LegalTender
Read 4 tweets

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