The legal dispute between Nigerian authorities and Binance has had a significant impact on the country's blockchain sector. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has raised concerns about the negative effects of the ongoing conflict and called for a fair resolution. BICCoN, a collaborative group of leading blockchain organizations in Nigeria, expressed worries about the repercussions of the Binance case on the industry's reputation and international partnerships. The prolonged legal battle and detention of key figures have hindered investments and collaborations with Nigerian web3 startups, affecting innovation and economic growth. BICCoN emphasized the importance of maintaining international collaborations for the country's blockchain ecosystem and urged authorities to prioritize constructive dialogue and a supportive regulatory approach. Transparency, due process, and market concerns should be addressed to rebuild trust and credibility with international partners. Read more AI-generated news on: https://app.chaingpt.org/news