Regulatory Clarity in the Blockchain and Cryptocurrency Industry is the Way to Go – CEO, FlashChange

FlashChange, a forward-thinking financial service company that is redefining how digital assets are traded and managed has recently participated at the Lagos Tech Fest, a two-day event that brought together key stakeholders, industry leaders, and tech enthusiasts to discuss the future of technology in Africa.

L-r: Bidemi Oke, chief executive officer, FlashChange; Jamiu Ijaodola, chief executive officer, Eventhive and convener of Lagos Tech Fest; Ememobong Udofot, head, Corporate Communications, FlashChange, and Jesujoba Ojelabi, chief marketing officer, FlashChange, during the Lagos Tech Fest event held recently in Lagos.

Bidemi Oke, the CEO of FlashChange, made a strong argument for more transparent regulations in the blockchain and cryptocurrency industry at the event, where he stressed the necessity of structured legislation to promote innovation, safeguard investors, and propel economic progress.

Speaking during a panel discussion alongside other panelists on Crypto in Nigeria: Fintech Integration, Real-World Applications and Opportunities, Oke emphasised the difficulties companies encounter because of legislative ambiguity.

He urged legislators to work with industry players to create rules that promote responsible expansion while guarding against abuse.

FlashChange team

“The potential for blockchain and cryptocurrencies to transform finance and promote financial inclusion throughout Africa is enormous. However, companies and investors continue to have doubts about the industry’s future in the absence of clear regulations. We must develop a framework that strikes a balance between innovation and consumer protection,” Oke remarked.

As one of Nigeria’s top cryptocurrency exchange platforms, FlashChange, has been leading the charge to encourage secure and effective digital asset transactions. While maintaining adherence to international standards, the business keeps pushing for laws that encourage the expansion of the sector.

The Lagos Tech Fest provided a forum for thought-provoking conversations about how technology, finance, and regulation interact in Nigeria. Many industry participants who agreed that a methodical and forward-thinking approach to blockchain governance was necessary found resonance in Oke’s support for regulatory clarification.

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