According to the official announcement shared by the team of Gluwa DeFi ecosystem, it has called the Federal Government of Nigeria to participate in the progress of a national crypto regulation framework. Adequate regulation is of paramount importance to unleash the potential of blockchain in Africa's largest economy
Gluwa CEO Tae Oh is excited by the prospects of the collaboration with the Nigerian government in terms of the sucess of crypto in the African region in the long run: We believe that cryptocurrencies have the potential to transform the financial landscape in Nigeria and across the African continent By working closely with the Nigerian government, we hope to create a policy framework that encourages the responsible use of cryptocurrencies while also protecting consumers and preventing criminal activities.
Ahmed Gloria Kufeji, a director at the Nigerian Ministry of Finance, says that he is impressed by the mission and vision of Gluwa and the role it can play in blockchain progress in Nigeria: We are pleased to see interest from companies like Gluwa in supporting the growth and development of the blockchain industry in Nigeria. We recognize the potential of blockchain technology to drive economic growth and financial inclusion, and we are committed to creating a policy framework that encourages innovation and investment while also protecting consumers and preventing criminal activities.
SourceConcerning cryptocurrency for we country, we all kno de position wey our government stand for d mata, but d tori wey I carry come be say, Gluwa, a blockchain company dey propose collaboration with Nigerian government and dem dey talk how dem fit take join bodi regulate cryptocurrency for we country.