Heritage did a great job summarizing the convergence of the Wild Wild West and Common Sense Digital Asset regulation coming out of Nigeria in the last few months in his latest publication on Bitcoin Magazine.
This article details everything you need to know about:
- Bitcoin and Crypto Regulation and how to approach both separately
- The adoption growth of digital assets
- The status of the Bitcoiner suing the Nigerian Government for the right to own Bitcoin
Heritage succinctly summarizes it thus:
I think the way forward for Nigeria is clear: regulators must craft policies that protect citizens while encouraging innovation, and they must do so with the understanding that Bitcoin is fundamentally different from other digital assets.
The current regulatory push, if not carefully balanced, risks becoming a tool of oppression rather than empowerment. By engaging with the Bitcoin community and developing a nuanced approach to regulation, Nigeria can position itself as a leader in the global financial revolution. Anything less would be a disservice to the millions of Nigerians who have already embraced this new paradigm and a betrayal of the ideals of freedom and innovation that Bitcoin represents.
Read the article below:
https://bitcoinmagazine.com/politics/regulating-bitcoin-and-crypto-in-nigeria-crossroads-between-capital-control-and-financial-freedom
Heritage Falodun is a technology professional at DigiOats, Bitcoin Consultant, Educator and Analyst from Nigeria. He has developed and implemented lots of algorithms for StartUps and Bitcoin-focused firms locally and internationally. Heritage is presently a Bitcoin Correspondent/Moderator at the BlackBitcoinBillionaires community (USA), a Bitcoin Consultant/Growth partner at DnarHQ, a Contributing Writer for Bitcoin Magazine. He is also the Host & Creator of the Bitcoin-In-Nigeria Media Program.
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His work revolves around improving products, providing liquidity and OTC services, and enlightening clients on acquiring, hodl’ng, mining and usage of digital assets(specifically Bitcoin). His engagement covers and is not limited to impact around Bitcoin Mining consulting and research infrastructure for private & institutional investors in Nigeria and Africa at large.