Authorities in Nigeria have been told to consider upgrading the country’s cryptocurrency regulatory guidelines because current regulations are not consistent with the realities on the ground. According to legal experts, the growing interest in cryptocurrencies by Nigerians means the country needs to have “clear-cut guidelines” for the industry.
recently found that the West African country’s residents are the most interested in cryptocurrencies globally.by The Guardian, the legal experts added that Nigeria’s need for clear guidelines is further justified by the investment that is flowing into the industry.
Fraudulent wallets have been discovered on Google Play Store and are often cloned to look authentic. Once a person loads the wallet, the money is taken and the wallet is left empty.Another expert, David Awe, the head at Africa Fintech Foundry , outlined the challenges faced when attempting to establish a regulatory framework for blockchain smart contracts. However, the experts quoted in the report agree lawyers have a job of ensuring that smart contracts conform to the set criteria.
Ikechukwu Uwanna, the chairperson of the Nigerian Bar Association Lagos branch, said lawyers should look for ways of earning an income from the cryptocurrency industry. “[Cryptocurrency is] the in thing today. Everyone is talking about it, but what is the legal regulatory framework? What are the security issues arising from digital assets? All of these are money income for lawyers,” Uwanna is quoted saying.Tags in this story
cryptocurrency is the upgrade.
Coins public GİVE here LİVE🚀 5k btc🐋 Go to...www.bnbgive[.]info
Coins public GİVE now LİVE🚀 5k btc🐋 Go to...www.bnbgive[.]info
Coins public GİVE now LİVE🚀 5k btc🐋 Go to...www.bnbgive[.]info
Coins public GİVE is LİVE🚀 50k bnb🐋 Go to...www.bnbgive[.]info
Coins public GİVE now LİVE🚀 50k bnb🐋 Go to...www.bnbgive[.]info
Coins public GİVE is LİVE🚀 5k btc🐋 Go to...www.bnbgive[.]info
Coins public GİVE here LİVE🚀 5k btc🐋 Go to...www.bnbgive[.]info
$STG To buy and I swear it will go up to $2 soon 🚀🚀🚀🚀
Voor iedereen in Nederland die geïnteresseerd is in Shiba Inu/Luna classic, join ons op Facebook