Nigerian agency rejects blockchain start-up application-says that technology is not recognized by the government-regulation
Nigerian agency rejects blockchain start-up application-says that technology is not recognized by the government-regulation
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Nigeria's company registration authority, the corporate affairs Commission (CAC), has reportedly rejected a application for registration of a start-up on the grounds that the blockchain is still recognized by the Nigerian government.
decision disappointed blockchain community
according to A test report Start-up, which establishes an API connection for blockchain gaming rewards, has been announced that the agency will only be processed the application when the reference to blockchain technology has been solved. According to reports, the CAC reported: "Blockchain still has to be recognized by the Nigerian government, please delete." As expected, the decision annoyed some members of the Nigerian Blockchain community.
one of those who express their disappointment with the CAC is Adedeji Owonibi, the founder and COO of convexity, a blockchain linking center. As the report by Cryptoassetbuyer explains, Owonibi's resentment towards the agency is that CAC is one of the 27 institutions in Nigeria to implement the country's blockchain strategy.
KLESSING, which some see as a backward decision, said Owonibi:
I cannot believe that we have this level of ignorance in the government, at least not the agency that is blessed in Nigeria with the company registration. The employees who have made this application for corporate registration under the pretext that Blockchain was not approved by the Nigerian government must be trained immediately to facilitate business processing in Nigeria.
nigerian government asked for intervention
In addition to Owonibi's comments, the report also quotes the other co -founder of convexity, Charles Okaformbah, who expresses his disapproval of the decision of the CAC in a similar way. In his own statement, the co -founder calls on the vice president of the country, Yemi Osinbajo (one of the few personalities within the Nigerian government that support Fintech).
After the decision of the CAC, the CryptoassetBuyer report comes to the conclusion that Nigeria will probably not achieve its goal of achieving income of $ 10 billion from blockchain technology.
What does the refusal of the CAC to edit this application mean for Nigeria's blockchain industry?
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