By Kingsley I. Ilechukwu, Bureau Chief, South West, Nigeria
Last week marked a significant milestone as Cyberchain, ably led by Jude Ozinegbe, successfully delivered the maiden edition of the groundbreaking Blockchain Compliance – Level 1 Training in Lagos, south west, Nigeria.
As the blockchain ecosystem rapidly evolves, new operators are entering the space daily. With this growth comes the urgent need for compliance expertise to safeguard the industry from misuse and promote responsible innovation.
During the training, Cyberchain delved deep into critical areas, including:
● Cryptocurrency Crime Current Trends
● Common Crypto Crimes
● Cryptocurrency Fundamentals
● Tracing Cryptocurrencies: BTC vs ETH
● Exploring Investigative Skills
Why Compliance Matters Now More Than Ever
While regulatory bodies will soon intensify enforcement, they cannot secure the space alone. Compliance practitioners play a pivotal role in bridging the gap between operators and regulators, ensuring ethical practices and preventing financial crimes in the blockchain space.
Cyberchain’s Modular Compliance Training – The First of Its Kind!
To empower a new wave of compliance professionals, Cyberchain has developed a modular compliance training programme designed for all experience levels. This unique hybrid model consists of three progressive levels – Level 1, Level 2, and Level 3 – making it the first of its kind in Nigeria! Participants can now obtain certification, gain practical skills, and contribute to sanitizing the blockchain ecosystem.
Collaborative Synergy
While Cyberchain has pioneered a modular approach, another organisation making strides in the compliance space is A&D Forensics, led by Adedeji Owonibi. Together the duo is poised to reshaping the Blockchain compliance climate and restoring decency to the once misconstrued industry.
Fostering Innovation
The Director-General of the National Information Technology Development Agency (NITDA) Mallam Kashifu Inuwa Abdulahi, is fostering blockchain innovation in Nigeria by supporting infrastructure, indigenous use cases, and blockchain innovation hubs.
The Agency is giving a positive nod to support startups and enterprises in aligning with compliance solutions while promoting collaborations between academia, tech hubs, and regulators.
NITDA also midwives the improvement of the National Blockchain Policy framework, positioning Nigeria as a leader in blockchain compliance.
Beyond ARIP and RI Approvala
While the Securities and Exchange Commission (SEC) currently issues licenses in principle like the Accelerated Regulatory Incubation Programme (ARIP) and Regulatory Incubation (RI), operators must go beyond just meeting basic regulatory requirements. Ensuring that all staff are well-versed in compliance practices is crucial for maintaining industry integrity.
The DG of the SEC Dr. Emomotimi Agama has also displayed readiness for a regulatory approach in the ecosystem by granting approvals in principle to a few Blockchain firms in the country.
The Blockchain Compliance Policy and Regulation Practitioner Certification offered by Cyberchain is the perfect fit for those seeking to stay ahead in this dynamic industry.
Taking Action!
Be part of the transformation. Equip yourself with the right knowledge, get certified, and contribute to a safer, more transparent blockchain space. Together, we can shape the future of compliant blockchain operations!
