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Nigerian blockchain group calls for fair resolution in Binance case

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The Blockchain Industry Coordinating Committee of Nigeria (BICCoN), representing the Nigerian blockchain industry, has called for a balanced approach to resolving the ongoing legal issues between the cryptocurrency exchange Binance and the Nigerian government. This plea comes amid growing concerns about the implications for Nigeria’s blockchain ecosystem and its international reputation.

Call for Balanced Resolutions

BICCoN emphasizes the importance of a fair and transparent resolution to the legal battles involving Binance. They believe that constructive dialogue and collaboration with stakeholders, including international partners, are crucial for addressing regulatory and compliance challenges in Nigeria’s virtual asset and Web3 industry.

Lucky Uwakwe, the president of BICCoN, highlighted the negative impact that the legal battles and the detention of Binance executives have had on the investment climate in Nigeria. He noted that these issues have created an atmosphere of uncertainty and risk, deterring potential investors and partners: “We recommend a fair and transparent resolution, constructive dialogue, and international collaboration to address regulatory and compliance challenges in Nigeria’s virtual asset and Web3 industry.” — Lucky Uwakwe, President of BICCoN

Importance of a Clear Regulatory Framework

While acknowledging the Nigerian government’s responsibility to ensure economic stability and regulatory compliance, BICCoN stresses the need for regulations that foster trust and confidence in the process. Uwakwe commended the Nigerian Securities and Exchange Commission (SEC) for developing a regulatory framework and urged a speedy conclusion to the process. He emphasized the importance of clear regulations, investor confidence, and enhanced regulatory capabilities to effectively manage the cryptocurrency market.

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Immediate and Long-Term Benefits

BICCoN believes that a balanced approach can help resolve the current challenges fairly and sustainably. This approach will not only address immediate concerns but also foster collaborations that will empower Nigeria to create a supportive environment for the blockchain industry to thrive. According to Uwakwe, this will allow for sustainable sectoral growth and innovation in the future.

Legal Context

On February 26, Binance’s regional manager Nadeem Anjarwalla and the head of financial crime compliance, Tigran Gambaryan, were detained in Nigeria. Gambaryan had traveled from the U.S. to Nigeria to assist in the company’s defense against tax evasion and money laundering charges. Binance and its executives face two separate cases by the Federal Inland Revenue Service and the Economic and Financial Crimes Commission, focusing on tax evasion and money laundering/foreign exchange violations, respectively.

BICCoN’s advocacy for a balanced resolution underscores the need for a supportive regulatory environment that promotes innovation while ensuring compliance. By addressing these challenges through fair and transparent means, Nigeria can bolster its blockchain industry and enhance its standing in the international community.

Source: cointelegraph.com

The post Nigerian blockchain group calls for fair resolution in Binance case appeared first on HIPTHER Alerts.

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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Libfx.com Announces Vision to Build a World-Class Financial Platform

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