Luno Country Manager Owen Odia: Encourage crypto companies to work with regulators to bring more transparency and consumer protection

According to the Daily Trust, cryptocurrency company Luno National Manager (Nigeria) Owen Odia said that cryptocurrency is a new and complex technology, which means that some stakeholders are still trying to understand how it works and how to use it. However, the US Securities and Exchange Commission (SEC) recently announced a regulatory framework for blockchain and virtual assets, including cryptocurrencies. This will play a huge role in enhancing trust within the system, which is a major obstacle to mainstream adoption. There is a view that regulation will inhibit the development of cryptocurrencies, but at Luno, we believe it will bring more transparency and protection. That's why we advocate a collaborative approach between cryptocurrency companies and regulators, as it will bring them more transparency and strengthen their consumer protection.