.Gluwa proposes to Nigerian government to collaborate on crypto regulation Gluwa
Global DeFi ecosystem Gluwa that delivers services of crypto lending, yield farming and investing in real-world assets has shared the details of its recent partnership with the Nigerian government. The team of Gluwa is ready to co-develop new regulatory frameworks for the mutual benefit of business and society.According to the official announcement shared by the team of
DeFi ecosystem, it has called the Federal Government of Nigeria to participate in the progress of a national crypto regulation framework. Adequate regulation is of paramount importance to unleash the potential of blockchain in Africa's largest economy.
We believe that cryptocurrencies have the potential to transform the financial landscape in Nigeria and across the African continent By working closely with the Nigerian government, we hope to create a policy framework that encourages the responsible use of cryptocurrencies while also protecting consumers and preventing criminal activities.
In recent years, Gluwa has built an ecosystem of cryptocurrency applications, including the largest blockchain-based credit repository for trustless credit history verification. Also, the Gluwa team develops and promotes multi-currency noncustodial wallet and allows its users to invest USD Coin in various cryptocurrency products.
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