Cyberchain, led by Jude Ozinegbe, has marked a significant milestone and successfully delivered the maiden edition of the groundbreaking Blockchain Compliance – Level 1 Training in Lagos, Nigeria!
As the blockchain ecosystem rapidly evolves, new operators are entering the space daily. With this growth comes the urgent need for compliance expertise to safeguard the industry from misuse and promote responsible innovation.
During the recent Cyberchain training, participants delved deep into critical areas that covered:
● Cryptocurrency Crime Current Trends
● Common Crypto Crimes
● Cryptocurrency Fundamentals
● Tracing Cryptocurrencies: BTC vs ETH
● Exploring Investigative Skills
Explaining the role of compliance practitioners, Managing Director of Cyberchain, Jude Ozinegbe noted that compliance matters now more than ever.
According to him: “While regulatory bodies will soon intensify enforcement, they cannot secure the space alone. Compliance practitioners play a pivotal role in bridging the gap between operators and regulators, ensuring ethical practices and preventing financial crimes in the blockchain space.”
He further noted that Cyberchain’s Modular Compliance Training seeks to empower a new wave of compliance professionals. “Cyberchain has developed a modular compliance training program designed for all experience levels. This unique hybrid model consists of three progressive levels – Level 1, Level 2, and Level 3 – making it the first of its kind in Nigeria! Participants can now obtain certification, gain practical skills, and contribute to sanitizing the blockchain ecosystem.”
While Cyberchain has pioneered a modular approach, another organisation making strides in the compliance space is A&D Forensics, led by Adedeji Owonibi, together these duo are poised to reshaping the Blockchain compliance climate and restoring decency to the once misconstrued industry.
This collaborative synergy will further foster blockchain innovation in Nigeria as being promoted by the Director General of the National Information Technology Development Agency (NITDA) Kashifu Inuwa Abdulahi.
NITDA has over the years backed up innovation by supporting infrastructure, indigenous use cases, and blockchain innovation hubs. The Agency is giving a positive nod to support startups and enterprises in aligning with compliance solutions while promoting collaborations between academia, tech hubs, and regulators. NITDA also midwives the improvement of the National Blockchain Policy framework, positioning Nigeria as a leader in blockchain compliance.
Explaining the need for operators to go beyond the Accelerated Regulatory Incubation Program (ARIP) and Regulatory Incubation (RI) as issued by the Securities and Exchange Commission (SEC), Cyberchain boss noted that operators must go beyond just meeting basic regulatory requirements. “Ensuring that all staff are well-versed in compliance practices is crucial for maintaining industry integrity.”
He assured that the Director General of the SEC, Dr. Emomotimi Agama, has also displayed readiness for a regulatory approach in the ecosystem by granting approvals in principle to a few Blockchain firms in the country.
Ezinegbe said the Blockchain Compliance Policy and Regulation Practitioner Certification offered by Cyberchain is the perfect fit for those seeking to stay ahead in this dynamic industry.
He called for stakeholder participation in ensuring the growth of the sub sector. “Be part of the transformation. Equip yourself with the right knowledge, get certified, and contribute to a safer, more transparent blockchain space. Together, we can shape the future of compliant blockchain operations.”