Nigeria’s Blockchain Association to Launch KYC/AML Campaigns

The stakeholders in Blockchain Technology Association of Nigeria (SiBAN) has recently revealed that they’re now prepared to launch the KYC/AML campaigns in the country soon. Senator Ihenyen explained, “We believe that Blockchain and cryptocurrency present massive opportunity for economic growth. But we can’t make that happen if we fail to leverage on the technology at this nascent stage.”

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Nigeria’s Blockchain Association to Launch KYC/AML Campaigns

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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