July 13 latest news, with the recent ruling of the Illinois court defining Bitcoin and Ethereum as commodities, this move has attracted the attention of Nigerian stakeholders, who actively called on the Nigerian Securities and Exchange Commission (SEC) to learn from this classification method when building its regulatory framework. Lucky Uwakwe, chairman of the Blockchain Industry Coordination Committee of Nigeria (BICCoN), emphasized that the adoption of such classification standards will provide a clear guidance path for innovators and market participants, clarifying the framework they should follow when seeking compliance supervision.

Mr. Uwakwe further pointed out that the Nigerian SEC should fully consider the need to clearly classify crypto assets when formulating rules, including but not limited to directly defining the categories of crypto assets, or subdividing specific cryptocurrencies into different asset categories based on their characteristics, and clearly explaining to the public why these cryptocurrencies are classified as securities or commodities. He emphasized that this move is crucial to enhancing market transparency and promoting compliance operations.

At the same time, Uwakwe also noticed the impact of differences in the underlying technical protocols of cryptocurrencies on classification, especially the difference between Proof of Stake (PoS) and Proof of Work (PoW). He suggested that these technical differences may directly affect the regulatory classification of specific crypto assets. Therefore, when formulating rules, the Nigerian SEC should fully consider these technical characteristics to ensure that the regulatory framework can both adapt to the needs of industry development and effectively protect the interests of investors.

In summary, the Nigerian blockchain industry is closely following international regulatory trends and expects its regulators to learn from advanced experience and formulate crypto asset regulatory policies that are in line with international trends and adapt to its national conditions. #比特币行情 #以太坊ETF通过 #币安7周年 #美国6月CPI大幅降温 #美国大选如何影响加密产业？ $BTC $ETH