Author: Amaka Joyce
Amaka Joyce
Amaka Joyce is a Lagos-based Web3 Storyteller and Community Growth Strategist specializing in DeFi and blockchain adoption across Africa. She is the Founding President of the Association for Women in Cryptocurrency (Nigeria Chapter) and has worked with The Sandbox, Busha, and the Sui Foundation. At Coinafrica, she covers Web3 innovation and ecosystem growth in African markets.
The Nigerian Senate is moving to tighten the screws on the country’s financial sector, tackling two major headaches at once. One is crypto regulation, and the other is the relentless spread of Ponzi schemes. Senate President Godswill Akpabio recently opened a public hearing focused on amending the Banks and Other Financial Institutions Act (BOFIA) 2020. The goal is to ensure the law actually keeps up with the digital explosion of fintech and crypto. One of the things proposed is giving the Central Bank of Nigeria (CBN) clearer authority to oversee fintech companies that have grown so large they could threaten…