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Home Economy Digital Assets

Cyberchain: Nigeria’s Recognition of Cryptocurrency as Security, a New Era Begins

by Latifat Fashina
March 31, 2025
in Digital Assets
0
Cyberchain and Cryptocurrency
JUDE OZINEGBE, Founder and Convener, Cyberchain

JUDE OZINEGBE, Founder and Convener, Cyberchain

UBA
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Cyberchain, a platform that curates events centered on educating the cryptocurrency and tech enthusiasts about blockchain technology, bringing them into the future of decentralization, has applauded President Bola Tinubu over the signing into law the Investments and Securities Bill (ISB) 2025.

The historic law officially recognizes cryptocurrency as a security.

Jude Ozinegbe, the founder of Cyberchain told Techeconomy that this significant decision marks a turning point for the nation’s digital asset industry, providing the sector with much-needed clarity and structure.

[Jude featured on TecheconomyTV]

“With regulation now taking centre stage, stakeholders across the financial and technological landscapes must prepare for the next phase—compliance and implementation”.

A Milestone in Nigeria’s Digital Economy

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”.

Regulations Take the Spotlight

“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

Cyberchain: Pioneering Blockchain Compliance Training

As the conversation shifts towards compliance, Cyberchain has taken the lead in preparing industry players for this transition.

Having trained private executives and staff of NITDA, Cyberchain remains at the forefront of blockchain education and regulatory awareness in Nigeria.

Cyberchain and Cryptocurrency --
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JUDE OZINEGBE, speaking during recent Cyberchain training in Abuja

Cyberchain has long championed responsible blockchain adoption, emphasizing the importance of regulatory alignment.

Through comprehensive training programs, workshops, and stakeholder engagements, Cyberchain is equipping individuals and organizations with the knowledge to navigate the evolving regulatory landscape effectively.

A Realized Idea Reflecting on this pivotal moment, Mr. Ozinegbe, shared his thoughts on the development:

“When Adedeji, Ophi, and I collaborated on the book Blockchain Compliance, Policies, and Regulations, we suggested that the government establish a clear regulatory framework. Now we can gladly say that they listened.”

“This recognition of cryptocurrency as a security is not just a regulatory milestone—it is a testament to years of advocacy and education.  It underscores the importance of proactive engagement between industry leaders and policymakers to shape a future where blockchain technology thrives within a secure and structured environment”.

What Lies Ahead?

Continuing, the founder of Cyberchain said, “With the law now in place, the next few months will be crucial in defining the practical aspects of cryptocurrency regulation in Nigeria”.

He mentioned key areas Cyberchain is keeping an eye on, such as the development of compliance guidelines by the SEC and other regulatory bodies; the licensing process for cryptocurrency exchanges and service providers, and the impact of this law on existing crypto businesses and new entrants.

Cyberchain and Cryptocurrency
Cyberchain’s recent training in Abuja

How this recognition will influence Nigeria’s position in the global blockchain ecosystem.

“This is an exciting time for Nigeria’s digital economy.  While challenges will arise, the potential for growth and innovation in the crypto and blockchain space is immense.  As Nigeria steps into this new era, businesses, investors, and blockchain professionals must stay informed, adapt, and contribute to the responsible evolution of this industry.

“Nigeria is well-positioned to reap the benefits of this revolutionary technology while ensuring that regulations keep pace with innovation thanks to Cyberchain’s commitment to blockchain compliance and education. The future of cryptocurrency in Nigeria has never been brighter, and this bold step marks the beginning of a new chapter in the nation’s digital transformation.

*To participate in Cyberchain’s executive training on Blockchain Compliance, kindly send an email to: info@cyberchain.com.ng or call Blessing Ishaku: 08160463935, Ekene Ezeala: 08119597976, Edwin Okoli: 08032886487

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Latifat Fashina

Latifat Fashina

LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

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