Nigerian stakeholders call for following Illinois’ lead and classifying Bitcoin and Ethereum as commodities! 🇳🇬

Lucky Uwakwe, chairperson of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), said that clarity on crypto asset classes is crucial for both creators and regulators. As cryptocurrencies grow in importance in the global financial sector, the Nigerian SEC needs to develop clear rules explaining which cryptocurrencies should be considered securities or commodities.

Do you think Nigeria will follow Illinois’ lead? Share your thoughts in the comments!