The crypto currency meeting with CBN
The meeting commenced at about 10:15 am with many stakeholders across the board in attendance. Some stakeholders represented different organisations and companies which provides services . Groups such as : Exchangers
Wallets providers
Miners
Transaction service providers
Software developers
Crypto Currency investors and Users and of cause
those who are curious to know what crypto currency is all about were all in attendance.
The Director, Governors Department was represented by Mr Yakasai who gave key note address unbehalf of Director Governors Department.
The CBN Chairman on Lead Team Study on Crypto Currency, Mr Vincent Wuranti gave a key not address and gave a very encouraging remarks on Crypto currency and why the meeting was organised which was to brainstorm on
1, The Krypto Currency ,
2, How to domestic crypto currency ,
3 How to regulate around cryoto currency or protect investors.
3, How to prevent crypto currencies being use for money laundering,
4. Administration of tax on Crypto currency trading and other things and the overall impact on the economy.
One of the stake holders who is an expert on block chain Technology who took the first session gave a mind blowing presentation in a lay man language with practical demonstration.
The second presenter was Mr Akintunde Olubisi a CBN staff and a member of Diagnostic workshop on Crypto Currency who explained the opportunities and challenges with the crypto currency, the third presenter was another crypto currency expert who explained to the house on how the Government can manage and benefit from Crypto currency if they come in fully. The man encouraged CBN to fast track the process of taking position on crypto currency and possibly come in with their operational rules and may be KYC policy .
There was also technical session were CBN staff sat and listen and learnt from the brilliant contributions of all crypto currency guys in the house, from my observation, CBN called all of us to learn from us on how best to come with a policy that can help the adoption and domestication of crypto currency like what Japan , Canada and some other countries who have accept crypto currncy are already doing .
I saw that CBN has not being sleeping over crypto currency , Different mwetings have been held wih critical stake holders on financial matters which includes SEC, EFCC, FIRS and other Ministries, Departments and Agenxies of the Federal Government. All of them are aware that Crypto Currency ins genuine , there is no doubt about that and that it has come to stay and Nigerians are massively involve in it .That is why they called the meeting (both Lagos and Abuja meeting ) to learn from the experts and investors so as to help them in their research and working documents to come up with the best way to key in this global trend. the outcome of our meetings and their research works will be submitted to the CBN in order to guide them on policy direction on Crypto Currency.
Questionnaire s were given for all the participants to filled and returned. They also gave their email for suggestions and technical advice from any company , groups and individuals, that will help CBN
From my observation, CBN, will come up with indigenous crypto currency (Nigeria crypto currency) which will be under the control of CBN. But experts have give brilliant advice to CBN on how to come up with the best policy that will help crypto currency thrive in Nigeria. .
Summary report from the meeting at the CBN Auditorium, CBN Corporate Head Office Central Business District, Abuja.
TBC was ably represented by all the TBC Abuja Community:
By humble self John Bello Onimisi
Simeon akevin Chukwu,
Jeff Adama
Dr. Eso Asuquo
Dr. Alfred Gadzama
Madam Christ, of merchant inspection team of the just concluded trade fair
Abudul and other great Tbcians.
One thing the CBN acknowledged, that crypto currency and a global stuff and cannot be done away with. The meeting was hot, turnout, responses , comments WTC were very impressive.
Conclusion: I advice you to hold on to your TBC,and other Crytocurrency, something great is about to happen to crypto currency in Nigeria, if you don't hold your coins , you may regret in future. The meeting gave me so much hope and encouragement !!
The meeting commenced at about 10:15 am with many stakeholders across the board in attendance. Some stakeholders represented different organisations and companies which provides services . Groups such as : Exchangers
Wallets providers
Miners
Transaction service providers
Software developers
Crypto Currency investors and Users and of cause
those who are curious to know what crypto currency is all about were all in attendance.
The Director, Governors Department was represented by Mr Yakasai who gave key note address unbehalf of Director Governors Department.
The CBN Chairman on Lead Team Study on Crypto Currency, Mr Vincent Wuranti gave a key not address and gave a very encouraging remarks on Crypto currency and why the meeting was organised which was to brainstorm on
1, The Krypto Currency ,
2, How to domestic crypto currency ,
3 How to regulate around cryoto currency or protect investors.
3, How to prevent crypto currencies being use for money laundering,
4. Administration of tax on Crypto currency trading and other things and the overall impact on the economy.
One of the stake holders who is an expert on block chain Technology who took the first session gave a mind blowing presentation in a lay man language with practical demonstration.
The second presenter was Mr Akintunde Olubisi a CBN staff and a member of Diagnostic workshop on Crypto Currency who explained the opportunities and challenges with the crypto currency, the third presenter was another crypto currency expert who explained to the house on how the Government can manage and benefit from Crypto currency if they come in fully. The man encouraged CBN to fast track the process of taking position on crypto currency and possibly come in with their operational rules and may be KYC policy .
There was also technical session were CBN staff sat and listen and learnt from the brilliant contributions of all crypto currency guys in the house, from my observation, CBN called all of us to learn from us on how best to come with a policy that can help the adoption and domestication of crypto currency like what Japan , Canada and some other countries who have accept crypto currncy are already doing .
I saw that CBN has not being sleeping over crypto currency , Different mwetings have been held wih critical stake holders on financial matters which includes SEC, EFCC, FIRS and other Ministries, Departments and Agenxies of the Federal Government. All of them are aware that Crypto Currency ins genuine , there is no doubt about that and that it has come to stay and Nigerians are massively involve in it .That is why they called the meeting (both Lagos and Abuja meeting ) to learn from the experts and investors so as to help them in their research and working documents to come up with the best way to key in this global trend. the outcome of our meetings and their research works will be submitted to the CBN in order to guide them on policy direction on Crypto Currency.
Questionnaire s were given for all the participants to filled and returned. They also gave their email for suggestions and technical advice from any company , groups and individuals, that will help CBN
From my observation, CBN, will come up with indigenous crypto currency (Nigeria crypto currency) which will be under the control of CBN. But experts have give brilliant advice to CBN on how to come up with the best policy that will help crypto currency thrive in Nigeria. .
Summary report from the meeting at the CBN Auditorium, CBN Corporate Head Office Central Business District, Abuja.
TBC was ably represented by all the TBC Abuja Community:
By humble self John Bello Onimisi
Simeon akevin Chukwu,
Jeff Adama
Dr. Eso Asuquo
Dr. Alfred Gadzama
Madam Christ, of merchant inspection team of the just concluded trade fair
Abudul and other great Tbcians.
One thing the CBN acknowledged, that crypto currency and a global stuff and cannot be done away with. The meeting was hot, turnout, responses , comments WTC were very impressive.
Conclusion: I advice you to hold on to your TBC,and other Crytocurrency, something great is about to happen to crypto currency in Nigeria, if you don't hold your coins , you may regret in future. The meeting gave me so much hope and encouragement !!
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