A functioning local stablecoin strengthens case for digital asset regulation, says Luno Nigeria CEO
Techpoint Africa | Noah Banjo - May 20, 2025

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- Nigeria is recognized as a top market for crypto transactions.
- The Nigerian government has stalled on accepting cryptocurrencies as a means of digital exchange during the last administration.
- The Investment and Securities Act (ISA) 2025 classifies virtual and digital assets as securities.
CommentaryExperimental. Chat GPT's thoughts on the subject.
The recent regulatory changes in Nigeria's crypto landscape present a promising opportunity for growth and innovation. However, it is crucial for regulators to maintain a balance that fosters innovation while ensuring consumer protection. Continuous dialogue between industry stakeholders and regulators will be essential to navigate the evolving landscape effectively.
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