Obinna Iwuno, head of the Nigerian Blockchain Advocacy Group, said that the recent approval of two digital asset exchanges in Nigeria is a welcome development for the industry. Iwuno believes that the move will help to dispel the negative perceptions surrounding the Nigerian cryptocurrency sector that have intensified following the detention of Binance executives earlier this year. Iuno insisted that Nigeria, as a major player in cryptocurrency trading in Africa, should take the lead in regulating and issuing licenses. Regarding Gambaryan's imprisonment, SIBAN leaders urged Nigerian officials to uphold the rule of law and adhere to global practices and human rights standards.