Reps Move to Regulate Crypto, POS Operations

Reps move to review economic, security impact of cryptocurrency, POS operations

Speaker Abbas Tajudeen said the initiative became necessary following rising cases of fraud, cybercrime, and consumer exploitation within the digital finance sector. The post Reps move to review economic, security impact of cryptocurrency, POS operations appeared first on Premium Times Nigeria.

Reps move to regulate crypto, POS operations

The House of Representatives has set up an Ad-hoc Committee to review the regulations and security implications of cryptocurrency adoption and Point-of-Sale, POS, operations in Nigeria. The Speaker, Tajudeen Abbas, while speaking at the ceremony on Monday stated that the committee became necessary amid allegations of fraud, cybercrime, and consumer exploitation in the digital finance space by the operators. DAILY POST recalls that the House in N…

Reps to Tighten Legislative Oversight on Crypto, PoS Operations

By Adedapo Adesanya The House of Representatives has inaugurated an ad hoc Committee to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations in Nigeria. Speaking during the committee’s inauguration in Abuja, the Speaker of the House of Representatives, Mr Tajudeen Abbas, said that the panel became necessary amid growing […]

Nigeria: Speaker Tajudeen inaugurates committee to regulate cryptocurrency, POS operations - Worldstage

WorldStage– The Speaker of the House of Representatives, Rep. Abbas Tajudeen has inaugurated an Ad hoc Committee to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations in Nigeria. Speaking during the Inauguration  in Abuja, Tajudeen said that the committee become necessary amid growing concerns of fraud, cybercrime and consumer exploitation in the digital finance space. Tajudee…

Nigeria could officially integrate crypto into the economy with proposed legislation

Nigeria is taking steps toward mainstream crypto adoption, marking a major policy shift that could redefine its digital economy. The Speaker of the House of Representatives, Abbas Tajudeen, inaugurated an ad hoc committee to review the economic, regulatory, and security implications of crypto and Point-of-Sale (POS) operations in the country. The move represents a significant policy shift for Africa’s economic powerhouse, which has often vacilla…

Reps to regulate cryptocurrency, POS transactions - THE AUTHORITY NEWS

By Mercy Aikoye The House of Representatives has taken steps to regulate cryptocurrency and Point-of-Sale (POS) operations in Nigeria. Speaker Abbas Tajudein inaugurated an ad hoc committee to review the economic, regulatory, and security implications of digital financial transactions. “The absence of clear rules, coupled with the volatility and complexity of the technology, makes it imperative for the National Assembly to establish regulations …