Blockchain technology has a large untapped potential in being part of a solution to many of the pain-points plaguing Nigeria and Africa at large.
Legal practitioner Senator Ihenyen, with his special interest in fintech, blockchain technology and virtual assets practice, is the lead partner at Infusion Lawyers and sitting president of the Stakeholders in Blockchain Association of Nigeria. Senator also currently holds administrative positions in several other organisations centred around blockchain.
He expresses where his concern of the African governments around their approaches on the potential risks surrounding the adoption of blockchain technology and cryptocurrency comes from, given the positively disruptive nature of the technology. He lays emphasis on the need to develop working policies aimed more at minimizing risks, and maximizing opportunities.
As an alternative to bans and strict prohibitions on the use of blockchain technologies, Senator cites the engagement of stakeholders, policymakers and employing the use of sustainable policies to drive engagement as the better approach. This will in turn, foster the growth of the next generation of ideators and innovators.
He states the critical importance of ensuring the adoption of best practices by individuals and enterprises operating in the blockchain space. There is a need for regulation to ensure safety, which is achievable through strategic collaborations and partnerships with local and international regulatory bodies.
SIBAN seeks to foster a conducive environment where open-ended discussions between policy makers and users can be held about the growing concerns on the risky nature of blockchain technology. This is with the aim of transforming the perception of blockchain technology from being simply disruptive, to also bringing it into the realm of acceptance as an innovative force for good.
If you enjoyed this episode, please leave us a rating/review.
The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR).
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless_africa/
Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
Metamask Snaps : Customize your Web3 wallet w/ Christian Montoya, Senior Product Owner at Metamask
Building Decentralized Applications with AI (MazzumaGPT) w/ Kofi Genfi - Co-founder of MazzumaGPT
Sats & Gwei | Binance Donates over $3 Million to Morocco and Libya Users in $BNB Airdrops | Nigeria’s crypto transactions hit $56.7 billion, driven by weakening currency and inflation | & More
Exploring Decentralized Governance w/ Jengajojo of DAOstewards.
Sats & Gwei | Opera aims to make payments a breeze with MiniPay | kotani Pay raises $2m | Onboard Wallet raises $1.9m | Yellow Card & MoonPay Partners | And More
ETHSafari 2023: Mobilizing to build for Real Impact and Use Cases
The case for L2s in Africa with thinkDecade
Sats & Gwei | Blockchain Startups decreases by 5.5% in Africa | Felix Adu aims to revolutionize fashion with blockchain | Patricia exchange Saga continues | Crypto premium surges in SA | And more
Empowering Web3 Builders in Africa with Jennifer Echenim of Web3Afrika
Sats & Gwei | Coingecko Report: West Africa Leads Crypto Craze with 75% Interest | Brazil Court Fines South African Bitcoin Ponzi Mastermind | South Africa Sees Crypto Fraud Spike Linked to Deep Fakes
ETHAccra : Learn, Hack and Build for Africa with Abena.eth
Sats & Gwei | Worldcoin halted in Kenya amid rush for free money | Nigerian Trade Group urges Government to ban Binance | Nigeria turns blockchain to combat certificate fraud | And More
Sats & Gwei | Kushite East Africa ICP launches a web3 hub | Egyptians look to bitcoin amidst skyrocketing inflation | South Africa requires Crypto Firms to be Licensed by end of 2023 | And more
The Great Promise : Crypto & Africa with thinkDecade & Abidemi
Sats & Gwei | 40% of South Africans familiar with web3 | Chipper Cash enters Rwanda | Nigeria’s Crypto tax - a premature move? | Pillow fund discontinues operations | And more !
Sats & Gwei | Crypto offers Africans lifeline from inflation & Corruption | Users can only access 76% of Crypto Holdings on Revix | Crypto Adoption more significant in Poorer countries | And More
Bitfinex and Financial Freedom with Paolo Ardoino, CTO
Sats & Gwei | Binance Tax debuts in south Africa | Nigeria taxes 10% of crypto profits after passing blockchain acts | Pan-African Crypto Exchange Mara Lays Off Majority of Employees | And More
Sats & Gwei | Decentralized network operator aims to expand to Africa | Nigeria Sec & Binance | Crypto among top in-demand assets in South Africa | And more
Sats & Gwei | Yellow Card and Tether Join Forces | Kenyan Farmers Reclaim Millions with Crypto Insurance | Nigerian Crypto Firm Halts Withdrawals Due to Security Breach | And more
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
Heal, Survive & Thrive!
Summarize | رادیو سامرایز
LifeBlood
The Jordan B. Peterson Podcast
The Mel Robbins Podcast