Iwuno told The PUNCH that the partnership aimed to establish a transparent and structured blockchain ecosystem, ensuring the industry operates within legal boundaries and maintains ethical standards.

This commitment comes after the Director General of the SEC, Timi Agama, said during a blockchain conference in Lagos recently that the capital market regulator was working towards making the crypto space safe for investors and, as such, would not bend its regulations to accommodate all players.

The regulator recently offered Busha Digital Limited and Quidax Technologies Limited, licenses under the Accelerated Regulatory Incubation Programme.

Currently, about 50 crypto operators are jostling for the same operational licences from the SEC.

The president of the self-regulatory body stressed the importance of cooperation with regulators to ensure transparency and security in Nigeria’s blockchain ecosystem.

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