… Speaks on Regulatory Need
Cyberchain, a platform that curates events centered on educating cryptocurrency and tech enthusiasts about blockchain technology, bringing them into the future of decentralization, has applauded President Bola Tinubu over the signing into law of the Investments and Securities Bill (ISB) 2025.
The historic law officially recognizes cryptocurrency as a security.
Speaking on TecheconomyTV, Founder of Cyberchain, Jude Ozinegbe, said that this significant decision marks a turning point for the nation’s digital asset industry, providing the sector with much-needed clarity and structure.
“With regulation now taking centre stage, stakeholders across the financial and technological landscapes must prepare for the next phase—compliance and implementation”.
Mr. Ozinegbe said that the journey toward regulatory acceptance of cryptocurrency in Nigeria has been a long and complex one.
“For years, digital assets operated in a grey area, with uncertainty hindering their mainstream adoption. On the other hand, this brand-new law confers legitimacy and paves the way for greater institutional involvement. Recognizing cryptocurrency as a security aligns Nigeria with global trends, ensuring that digital assets are subject to proper oversight and investor protection measures.
“This move is expected to bolster confidence among investors and industry players, fostering innovation while mitigating risks associated with fraudulent activities, money laundering, and unregulated exchanges. In addition, it positions Nigeria as an innovative nation in the blockchain and fintech fields”.
Speaking on the foreseeable regulations focus, and the role of the regulators, Mr. Ozinegbe said: “With this recognition comes the inevitable focus on regulatory frameworks. Policymakers and enforcement agencies will need to establish clear guidelines on how cryptocurrencies should be issued, traded, and monitored.
“The role of agencies such as the Securities and Exchange Commission (SEC) and the National Information Technology Development Agency (NITDA) will become more pronounced as they work to develop rules that balance innovation with security.
“Training in compliance has never been more important. Understanding and adhering to regulations will be crucial for businesses, investors, and blockchain entrepreneurs operating within Nigeria. This is where training institutions and blockchain advocacy groups step in to bridge the knowledge gap”, he said
