THELOGICALINDIAN - Nigerias aggregation allotment bureau the Corporate Affairs Commission CAC reportedly alone an appliance for allotment by a startup on the base that blockchain is yet to be accustomed by the Nigerian government
Decision Disappoints Blockchain Community
According to a report, the bearding start-up, which is architecture an API affiliation for blockchain gaming rewards, was told the bureau will alone action the appliance already the advertence to blockchain technology is resolved. The CAC reportedly wrote: “Blockchain is yet to be recognised by the Nigerian government, attentive expunge.” As expected, the accommodation has angered some associates of Nigeria’s blockchain community.
One of those cogent their disappointment with the CAC is Adedeji Owonibi, the architect and COO at Convexity, a blockchain incubating hub. As the address by Cryptoassetbuyer explains, Owonibi’s anger with the bureau stems from the actuality that CAC is one of the 27 institutions in Nigeria that are declared to apparatus the country’s blockchain strategy.
Lamenting what some see as a astern decision, Owonibi said:
Nigerian Government Asked to Intervene
In accession to Owonibi’s remarks, the address additionally quotes Convexity’s added co-founder, Charles Okaformbah, analogously cogent his disapproval of the CAC’s decision. In his own statement, the co-founder asks the country’s carnality president, Yemi Osinbajo (one of the few abstracts central the Nigerian government to aback fintechs), to intervene.
Following the CAC’s decision, the Cryptoassetbuyer address concludes that Nigeria is now absurd to accomplish its ambition of breeding $10 billion in acquirement from blockchain technology.
What does the CAC’s abnegation to action this appliance beggarly for Nigeria’s blockchain industry?
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