The Home of Representatives has resolved to analyze the nationwide safety implications of the present standing of cryptocurrency, block chain, and different digital asset transactions.
This adopted the adoption of a movement by Rep. Isiaka Ibrahim (APC-Ogun), throughout plenary.
Shifting the movement, Isiaka mentioned that there have been rising international considerations concerning the nationwide safety implications of cryptocurrency transactions by means of cryptocurrency exchanges, together with client and investor safety.
He mentioned these exchanges allow cash laundering by criminals and terrorists for his or her illicit actions.
Adopting the movement, the Home mentioned it might examine worldwide cash switch operators, fee gateways and platforms, in addition to cloud computing.
Others embrace: infrastructure (networks) and all on-line peer-to-peer (P2P) market, utility sharing based mostly platforms and their practices, in Nigeria.
The lawmakers mentioned the investigation would determine threats to nationwide safety and gaps in legislative framework, statutes, and rules to the detriment of the nation.
The Home mentioned that the present standing of the E-Naira on the worldwide cryptocurrency platform, the fee incurred, processes undertaken, and statutory compliance in creating the digital forex would even be investigated.
It additionally resolved to have interaction all related stakeholders to provoke essential processes for establishing required laws and rules.
The lawmakers mentioned that the profile of operators within the sector comparable to authorized standing, dad or mum firm, and entry to their compliance with current statutes could be unraveled.
The Home mentioned that their complicity in infractions in opposition to Nigeria, together with cash laundering, illicit transactions, forex hypothesis and dangerous practices could be seemed into.
The Home additionally resolved to superintend the engagement of the workplace of the Nationwide Safety Adviser and different related companies in monitoring and recovering illicit and laundered funds or belongings.
The lawmakers mentioned they might be sure that fairness, probity, transparency, the rule of legislation, and worldwide finest practices had been noticed by the federal government in investigating cryptocurrency exchanges and others.
