The House of Representatives in Nigeria wants cryptocurrency regulated in the country. The lawmakers called on the Central Bank (CBN) and the Nigerian Deposit Insurance Commission (NDIC) to come up with a regulatory plan. The bill calling for regulation was sponsored Solomon Adaelu and its titled Need to regulate blockchain applications and Internet technology.

He revealed that countries like the USA, the UK, Russia, Venezuela, and Kenya have already provided a framework for the regulations of this emerging technology and hopes that Nigeria could be the next.

Source: https://www.gizmolad.com/2018/04/lawmakers-wants-cryptocurrency-regulated-in-nigeria/