The 2022 edition of the Legal Business Conference will be organized by the Legal Business Network in collaboration with SiBAN, Nigeria’s blockchain association.
Themed “Regulating Blockchain and FinTech Innovations: Striking the balance”, the Legal Business Conference will focus on blockchain technology and financial technology innovations and how regulators can balance regulation with innovation. The goal is to find that point where regulation does not stifle innovation.
Today, the world is witnessing the increasing adoption of cryptocurrencies—the most popular application of the blockchain—as well as the introduction of central bank digital currencies (CBDCs) in certain countries, including Nigeria. Decentralized finance (DeFi) is also getting bigger, offering new products and services that may disrupt traditional finance.
The Covid-19 pandemic and indeed the recent unveiling of the eNaira by the Central Bank of Nigeria (CBN) have exposed a myriad of issues, including security concerns. These also come with opportunities that both innovators and regulators can explore to expand businesses and grow the Nigerian economy.
Beyond blockchain-powered innovations, the Legal Business Conference will also look at FinTech generally, and how regulation can help to support the growth and development of this fast-growing sector in Nigeria.
The Legal Business Conference is an annual event put together by the Legal Business Network to further its core objectives to advocate, educate, and enlighten all stakeholders about contemporary legal and business issues; and support businesses and organizations to innovate in a friendly business environment.
According to the Convener, Ifeoma Ben, “the theme of the Legal Business Conference 2022 is very apt as it is geared towards exploring major developments in blockchain and financial technology, and considering possible regulatory frameworks that can enable rather than suppress innovation.”
“We at SiBAN are particularly delighted to partner with Legal Business Network on the 3rd edition of the Legal Business Conference”, said the SiBAN President, Senator Ihenyen, “This is not only because it focuses on blockchain and FinTech innovations but it also provides both innovators and regulators a fine opportunity to discuss issues and possibly identify ways of addressing them towards striking what a number of stakeholders consider to be the missing balance between innovation and regulation”.
Apart from SiBAN, another strategic partner of the Legal Business Conference is the Nigerian Bar Association’s Section of Business Law (NBA-SBL).
Legal Business Conference 2022 comes up on 17 May 2022 at Civic Centre, Victoria Island, Lagos. The event, which will be hybrid, promises to be an engaging and rewarding one, with speakers drawn from both the innovators’ and regulators’ side, locally and globally.
Legal Business Network, organizers of the Legal Business Conference, calls on organizations and agencies to sponsor the Conference or partner with it, using the occasion of the Conference to support advocacy and education and also project their brands.