Experts and analysts have indicated that the session on “Alternative Currencies in The Digital Age” at this year’s annual business law conference (a hybrid conference) of the Nigerian Bar Association Section on Business Law, NBA-SBL, is one that must not be missed by legal practitioners, tech entrepreneurs, business executives and other stakeholders, as it promises to be intriguing not just because a panel of very knowledgeable practitioners and industry players would be discussing another technological advancement, but because the discussion would be centred around the disruption of money itself.
A disruption that will be challenging not just because it strikes at the very heart of global economic stability but it is happening at a time when world economies are undergoing enormous stress. Yet, with the growing interest in crypto-currencies and central bank digital currencies amongst others, it is clear that the monetary landscape is changing.
Prior to the Central Bank of Nigeria, CBN’s, announcement prohibiting financial institutions from dealing with local cryptocurrency exchanges and ordering the shutdown of crypto traders’ accounts, cryptocurrency startups acted as local exchanges, helping to facilitate transactions among users. Nigeria has accounted for crypto transactions worth $566 million in five years. The rather abrupt shakeup by CBN has plunged cryptocurrency startups, traders, and investors into a frenzied state of readjustment.
A selection of highly knowledgeable speakers will therefore be on hand to discuss best practices with regards to alternative currencies. Among these are, Rotimi Ogunyemi – ICT Attorney and Chairman of the NBA-SBL ICT Committee. Other distinguished panellists include: Ruth Iselema – Co-Founder, Bitmama, Victor Ndukauba – DMD, Afrinvest, Michael Ugwu – Founder, Freeme digital, Carmelle Cadet – CEO, EMTec, Akin Sawyer – Managing Partner, Feleman (Moderator)
This session will be intriguing not just because a panel of very knowledgeable practitioners and industry players would be discussing another technological advancement, but because the discussion would be centred around the disruption of money itself! A disruption that will be challenging not just because it strikes at the very heart of global economic stability but it is happening at a time when world economies are undergoing enormous stress. Yet, with the growing interest in crypto-currencies and central bank digital currencies amongst others, it is clear that the monetary landscape is changing.
At the end of the session, participants would have a clearer understanding of Cryptocurrencies/Crypto-assets, and Blockchain technology; and would be better able to distinguish the hype from the real-life use cases. Participants will understand all forms of Decentralised Finance, such as Stablecoins.
Participants would understand the emergence of Central Bank Digital Currencies, CBDC, and all forms of Centralised Alternative Currencies such as Govcoins. They would also come out with an understanding of the evolution of the Alternative Currencies Ecosystem, the risk environment, and the regulatory challenges that lie ahead, as well as an understanding of the disruption of money together with the Monetary Policy and Governance issues arising, such as domestic interoperability, cross-border interoperability, digital identity, cybersecurity, and illicit finance
Akin Sawyer is the founder of Feleman Limited, an Africa-focused impact investment and advisory firm. Akin serves as a Non-Executive Director of Splash Mobile Money, a mobile payments company in West Africa. He spent the first 15 years of his career in management consulting and the corporate world.
Timi Ajiboye, CEO/Co-founder Buycoins. Buycoins helps people begin your journey into the open global financial system.
Ruth Iselema is the Founder and CEO of Bitmama. Bitmama is one of the best crypto trading platforms to buy, sell and trade Bitcoin, Ethereum, Ripple, Celo and other cryptocurrencies in a secure way.
Carmelle Cadet, Founder and CEO Emtech and is a passionate advocate of Blockchain and Digital Currency Technology for payment modernisation and financial inclusion efforts.
The 15th annual business law conference themed, ‘Retooling Businesses for Change: Leveraging the Tech Explosion” is scheduled to hold on Wednesday July 14th and Thursday 15th, 2021.
To secure a place at this conference, please visit: conference.nbasbl.org now as registration is still ongoing.
