In line with its move to recognise two crypto startups 12 months ago, the Nigerian Securities and Exchange Commission (SEC) has launched a blockchain and cryptocurrency course. The course is aimed at equipping stakeholders in the regulatory, financial and blockchain spaces with the necessary tools to navigate the world of digital assets.
SEC Moves To Set The Pace In Crypto
The Nigerian SEC’s new course is aptly named Executive Certificate in Digital Assets Innovation, Industry, Regulation & Compliance (DAIIRC). The regulator is collaborating with the Kenyan School of Government, Cambridge Enterprises, and Busha on this initiative.
It will feature modules on blockchain principles, stablecoins, and decentralized finance (DeFi). The DAIIRC website indicates that the 6-week course is targeted at regulators and law enforcement professionals, policymakers, innovators and ecosystem leaders, financial sector executives, and legal and compliance professionals.
The Director-General of SEC, Nigeria, Dr. Emomotimi Agama, stated that the program shows the regulator’s
“commitment to equipping regulators, policymakers, and market leaders with the tools they need to engage with digital assets from a position of confidence, not caution.”
He also added that instead of reacting to change, SEC Nigeria is helping shape it for growth and stability.
Source: The Sun
Busha’s Co-founder, Olaoluwa Samuel-Biyi, also added, “This programme is designed to provide that clarity through meaningful dialogue, technical depth, and global best practices adapted to African realities.”
What this Means For The Nigerian Crypto Landscape…
Cryptocurrencies and digital assets have long operated beyond the regulatory oversight of the SEC and CBN. The regulators initially favoured a hostile attitude towards the crypto industry before the policy turnaround in the past 18 months.
Initiatives like SEC Nigeria’s Accelerated Regulatory Incubation Program (ARIP) have indicated regulators’ willingness to work with Web3 builders and innovators to build compliant products. ARIP led to provisional licences for Quidax and Busha.
Moving forward, builders can hope that DAIIRC will be the beginning of a solid collaboration between stakeholders in the Web3, regulatory, and financial sectors will see an explosion in Web3 startups and solutions.
Also Read: Roqqu Lists Africa and Nigeria’s First Regulated Stablecoin, cNGN
