Cyberchain’s inaugural Blockchain Compliance – Level 1 Training in Lagos marks a significant step in advancing compliance practices and regulatory alignment in Nigeria’s blockchain industry
[dropcap]C[/dropcap]yberchain, a leading blockchain company in Nigeria, recently held its inaugural Blockchain Compliance – Level 1 Training in Lagos, a pivotal initiative aimed at bolstering compliance practices within Nigeria’s blockchain ecosystem.
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As the blockchain industry faces evolving regulatory challenges, this training sought to address critical concerns, including cryptocurrency crime trends, investigative methods, and digital asset tracing techniques for assets like Bitcoin (BTC) and Ethereum (ETH).
The training, which is part of Cyberchain’s broader compliance education programme, was led by Jude Ozinegbe, a key figure in the blockchain space.
His leadership emphasizes the importance of equipping blockchain practitioners with the necessary skills to navigate the complex relationship between operators and regulators.
By fostering ethical practices and preventing financial crimes, Cyberchain’s programme aims to ensure the sustainability of the industry.
Cyberchain’s comprehensive compliance training is designed as a modular program that spans three levels: Level 1, Level 2, and Level 3.
This progressive model offers certifications and practical insights, making it accessible to professionals at different stages of their careers.
The program’s hybrid structure caters to both seasoned experts and newcomers to the blockchain space.
In addition to Cyberchain, the training benefited from strategic partnerships with organizations like A&D Forensics, led by Adedeji Owonibi.
These collaborations are helping to reshape the compliance landscape within Nigeria’s blockchain industry, promoting transparency and trust in a sector that has often been misunderstood and under-regulated.
Kashifu Inuwa Abdulahi, the Director General of the National Information Technology Development Agency (NITDA), reaffirmed the agency’s commitment to supporting blockchain innovation and infrastructure.
NITDA aims to position Nigeria as a global leader in blockchain compliance through collaborative policy development with academia, tech hubs, and regulators.
The Securities and Exchange Commission (SEC) has also taken active steps to promote regulatory compliance in the blockchain sector.
Through its Accelerated Regulatory Incubation Program (ARIP) and the Regulatory Incubation (RI) framework, SEC has been granting approvals to select blockchain firms.
SEC’s Director General, Dr. Emomotimi Agama, highlighted the importance of compliance beyond basic regulatory adherence, ensuring the integrity of the industry.
Jude Ozinegbe, the founder of Cyberchain and lead facilitator of the Blockchain Compliance Training, emphasized the growing importance of blockchain compliance in ensuring a trustworthy industry.
He stated, “Blockchain compliance is no longer optional; it is the foundation for a sustainable and trustworthy industry.
As the ecosystem grows, so do the risks of misuse and regulatory challenges. This training is a call to action for all stakeholders to collaborate, bridge the gap between innovation and regulation, and embed a culture of ethical practices.”
Simeon Nofa, CEO of Pengage Finance and a participant in the training, shared his reflections on the evolution of the blockchain industry.
“When I entered the blockchain space in 2017, the idea of regulation coexisting with decentralization seemed almost impossible.
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However, the industry’s maturation toward sustainability shows that a balanced regulatory framework fosters safety and trust. This training marks a key milestone for Nigeria’s virtual asset ecosystem.”
Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.
