The constant evolution and betterment of blockchain technology have forced the financial giants to implement the technology in the traditional banking sector.
The Blockchain Association of Nigeria has recently urged the Federal Government to structure a framework for cryptocurrency exchanges and Binance. It is claimed that the sudden approach to regulation came after the surging concern against Binance in the Nation.
Binance is one of the biggest and most used cryptocurrency exchanges for spot trading. The exchange leads its operations in over 100 nations. The nation’s VASP code of conduct was developed in 2022 and is publicly available.
In a conversation with a regional media outlet, Obinna Iwuno, the president of SiBAN, said that regulating the industry aims to set up an ethical and local blockchain industry.
Oninna adds, “We believe in being partners in progress with the government. Through the implementation of our code of conduct, we aim to send a clear me
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