Nigeria has been among the nations in Africa leading the pack in the crypto/blockchain

Communicating during the Fintech in Nigeria State of Performance event, Armstrong Choosing, an appropriate adviser in the Finance Ministry, alluded to the circumstance that they required a regulatory environment in the blockchain field.

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In September, the SEC issued it was forming a coherent crypto trading regulatory framework to secure investors’ interests and ensure transparent transactions.

It passed the air by setting forth the aim was not to suppress innovation or hinder technology, but constitute standards that promote ethical practices.

Nigeria has been among the nations in Africa leading the pack in the crypto/blockchain arena. In July, together with other countries like Kenya, South Africa, and Ghana, their weekly Bitcoin (BTC) trading volumes exceeded $1 million showing notable strides in the sector.