SiBAN and Global Digital Asset & Cryptocurrency Association (Global DAC) have signed a Memorandum of Understanding (MoU) for international collaboration on blockchain & cryptocurrency education, policy, and regulation.
Committed to not only securing the blockchain and cryptocurrency space but also securing the future through the power of the blockchain today, SiBAN operates to promote blockchain education and adoption in Nigeria; self-regulate the blockchain space for consumer protection and investor confidence in the country; and champion blockchain advocacy, regulations, and reforms towards ensuring that both private and public sectors.
By virtue of the MoU between SiBAN and Global DCA, SiBAN and Global DCA will:
- engage in dialogue on key issues relevant to Nigeria on the subject of cryptoassets, cryptotrading, decentralized finance, and other related subjects of interest;
- develop joint activities, including conferences, webinars, speaker opportunities, research, and/or policy roundtable discussions; and
- seek to coordinate and harmonize policy responses where there is a significant policy issue of relevance either internationally /regionally /nationally.
Considering the global nature of digital assets and the need for a global approach to policy and regulation that caters to the unique needs of each country, SiBAN believes that its MoU with Global DCA will add great value to its work in Nigeria’s emerging blockchain industry, particularly at this time. According to Senator Ihenyen, the SiBAN President, “Digital assets are by their nature global. This is why we believe that pooling knowledge and experience together from various markets and jurisdictions will benefit the educational, policy, and regulatory efforts of every market and jurisdiction, including Nigeria where SiBAN operates. Our collaboration with Global DCA will help us drive, deepen, and deliver this.”
Global DCA Director, Gabriella Kusz, also believes that the collaboration with SiBAN will not only help both bodies achieve a “meeting of the mind” but also help etch out some initial areas where both Global DCA and SiBAN may be able to pool resources and support each other and brother blockchain / digital asset associations around the world. In Gabriella Kusz’s words, “Cryptoassets are global in nature – our approach to engaging as an industry must mirror that as well. We are pleased to welcome this MoU with SiBAN. They are a strong voice for integrity, quality, and balanced regulation in Nigeria and around the world.”
Global DCA devises standards and consensus-based solutions that address the major challenges facing the digital asset and cryptocurrency industry. The organization collaborates with stakeholders around the world, industry leaders and policymakers to support the growth of the global digital economy. Global DCA’s mission is to promote and strengthen the digital
asset and cryptocurrency industry, protect the public interest, and maximize legitimate
economic opportunity for all participants in the global digital economy. Global DCA advocates for a regulatory environment that facilitates innovation and protects consumers, stakeholders, and the broader public interest world-wide. Integral to the
Global DCA’s global approach to engagement with stakeholders is the respect and leadership by national jurisdictional SROs and trade associations to the support provided by the Global DCA.
About Global DCA
Global DCA is a global self-regulatory association for the digital asset & cryptocurrency industry. It was established to guide the evolution of digital assets, cryptocurrencies, and the underlying blockchain technology within a regulatory framework designed to build public trust, foster market integrity and maximize economic opportunity for all participants.
SiBAN is a self-regulatory body founded by stakeholders in Nigeria’s blockchain and
cryptocurrency community for the purpose of supporting players in the space; educating users and members of the public about the blockchain technology; promoting adoption by both private and public bodies; ensuring consumer protection and safeguards against scams; and working with regulators to help maximize the untapped potentials of the blockchain.