Source: SiBAN
As crypto mass adoption draws closer, SiBAN (Stakeholders in Blockchain Technology Association of Nigeria), in their ongoing Digital Assets Summit 23 have discussed their strategies to help the Nigerian government, institutions and individuals embrace and adopt blockchain technology. This was captured during a panel discussion on the Future of Digital Assets.
The groundbreaking two-day conference that started on Wednesday 6th would be rounded off today Thursday, 7th September 2023 in Abuja. The summit's main goal among others is to bring together industry leaders, experts, policymakers, regulators, operators, investors, global partners, stakeholders, and enthusiasts to explore the exciting world of blockchain technology and digital assets. SiBAN seeks to maximize the 2023 Summit to stir collaboration, share knowledge, business growth and investment opportunities, as well as expose innovations as it relates with digital assets.
Source: SiBAN
The 2023 SiBAN Summit is a mark of the release of fresh air for blockchain and cryptocurrency experts as it reveals a possible government embrace and full utilization of blockchain technology and cryptocurrency which was shadow banned in the revious administration.
“We are thrilled to organize the SiBAN Digital Assets Summit, an event that will facilitate valuable discussions, create strategic partnerships, and unlock new opportunities in the digital asset ecosystem,” said Emeka, Chairman of Digital Asset Summit 2023. “This summit represents a unique platform for participants to gain insights from industry leaders, exchange ideas, and contribute to the growth of the digital asset industry in Nigeria.” - SiBAN.
The Summit is attended by the leadershi of the National Information Technology Development Agency (NITDA). NITIDA has created a development regulation which is viewed as a big step toward understanding and creating a favorable environment for the blockchain and crypto industry, according to Adedeji Owonibi. Cointelegraph has reported that Nigeria central bank missed opportunity for blockchain regulation in 2021, quoting the Convexity CEO. The SiBAN conference would hel restore the lost oportunities.
A recent global survey has show that Nigeria was found to be the most cryptocurrency-aware population in the world, with a high statistics of 90% of respondents expressing interest in investing in cryptocurrencies in the next year. This reveals Nigeria as a fertile ground for blockchain innovations and experiments.
Meanwhile, SiBAN is a non-profit industry association that aims to promote the adoption of blockchain technology and drive its growth in Nigeria. SiBAN was designed to play a pivotal role in fostering collaboration, knowledge sharing, and advocacy for blockchain-related initiatives, with a vision to transform Nigeria into the blockchain hub of Africa. SiBAN is currently a member of the National Blockchain Policy steering committee setup by the federal government of Nigeria.
What are the hoes of a full fledged blockchain and crypto adoption in Nigeria? Let's discuss.
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