As a researcher with a background in cybersecurity and a keen interest in the intersection of technology and law enforcement, I find the recent brainstorming session between Nigerian Interpol, cybersecurity experts, and local intelligence community to be a commendable initiative. The increasing sophistication of cybercrimes, particularly those involving virtual assets like stablecoins, necessitates that law enforcement agencies adapt and enhance their capabilities to effectively trace and prosecute these crimes.
A gathering was held among representatives from Interpol Nigeria, cybersecurity professionals, and local intelligence agencies to discuss strategies for addressing the increasing issue of cybercrimes in the country.
At Abuja’s capital, a brainstorming session occurred, facilitated by A&D Forensics in conjunction with the Africa Stablecoin Consortium. The primary objective of this workshop was to equip the Nigerian Interpol with effective strategies for combating crimes related to virtual assets, specifically stablecoins.
Blockchain expert Chioma Onyekelu explained that the objective of the training session was to equip Interpol agents with the necessary abilities to harness the power of blockchain technology for investigating cybercrimes linked to digital currencies, including Bitcoin and stablecoins.
According to Onyekelu, cybercrime has progressed beyond the use of physical currency, as criminals now utilize virtual assets to carry out diverse cyber crimes. It’s essential for Nigeria’s Interpol to strengthen their abilities by providing focused training programs in response to the increasing number of cybercrime requests received from international partners.
With Nigeria witnessing increasing engagement in digital asset trading platforms, Onyekelu highlighted that this training aims to equip law enforcement officers with the necessary skills to tackle cybercrimes specifically linked to virtual assets, focusing mainly on stablecoins.
As a senior partner at A&D Forensics, I believe it is crucial for us to undergo regular cybersecurity training given the increasing prevalence of cybercrimes in our nation.
“A significant gap exists between the evolving cybercrimes and the capabilities of law enforcement agencies in Nigeria. As responsible corporate citizens, we recognized the need to bridge this gap and support our law enforcement agencies in staying updated and effectively combating cybercrimes.”
As a crypto investor, I understand the recent controversy surrounding the new cybersecurity Levy. However, from my perspective, the government holds the power to make crucial decisions affecting our national security, including cybersecurity. It’s essential that we prioritize the safety and protection of our nation above any disputes or controversies.
Starting from Monday, it is my analysis that banks and payment service providers in Nigeria are required by the Central Bank to deduct 0.5% of every electronic transaction’s value. The collected funds will then be remitted to the National Cybersecurity Fund, which is managed by the Office of the National Security Adviser.
The Securities and Exchange Commission (SEC) of Nigeria is taking a firm stance against cryptocurrencies, prohibiting peer-to-peer transactions involving the Nigerian Naira, marking a major regulatory turnaround.
The IMF has proposed that Nigeria grant licenses to international cryptocurrency exchanges as a means of encouraging the use of digital currencies, according to their latest suggestions for Nigeria’s economic reform initiatives.
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2024-05-11 15:36