Technology
Can the Blockchain Really Bypass Government Policies?
One of the importance of the blockchain is Decentralization, but how do blockchain stakeholders boycott real-life politics in the actualization of their goals?
For instance, the United States’ sanction on countries like Iran is causing many US-based companies to re-evaluate their release of goods and services to the Iranian market. These companies are forced to weigh their options carefully before picking a side, and so far, the many occurrences in this field have been detrimental to the financial inclusion of Iran into the cryptocurrency space.
The four recent ones are
- Gitcoin, a crypto crowdfunding platform, put paid to a rally to help Farsi-students learn Ethereum coding, fearing US sanctions.
- BitGo, a crypto wallet startup getting penalized in 2020 for interacting with users in US-sanctioned countries. Actually, BitGo had a little fault in this issue, as the problem arose from its clients receiving payment from sanctioned countries. The Office of Foreign Assets Control (OFAC) explained that the US sanctions prohibit that.
- Binance, a global crypto exchange, has also been known to deactivate accounts from the Middle East region; especially Iran and Cuba.
- ConsenSys Academy, a blockchain startup focusing on Ethereum-centric knowledge, also came under the limelight in 2021 for banning about 50 Iranian students from its smart-contract learning platform. While it was against the company’s policy, they had to issue the exit claiming a review was done on their platform and individuals who are located in countries prohibited by the US law were removed.
Following ConsenSys ban of Iranian students, GItcoin remained more or less one of the only hopes for Iranians to get into the crypto space with a certificate, and when the campaign started to help Farsi-speaking students in March, it seemed like a dream come true.
On Gitcoin, the news came as a shock to all when its COO announced in December that it was marking all donations as inactive. The fundraiser was shifted to a European platform which is based in Barcelona, Spain. Giveth, the new platform for the fundraiser event has seen donations of up to $8,000 for volunteers that have roots in Iran.
Despite this, everyone still seems shocked that real-life politics still has a say in matters of decentralization and borderless policies. One of the shocked individuals was Sahar Rahbari, a course creator for Farsi-speaking people. In an interview with Coindesk, he expressed his displeasure at the policy and lamented why Iranians are always at the receiving end.
Another course contributor, this time from ConsenSys, explained that though the US companies’ fear is unwarranted, it is understandable. The rules concerning foreign sanctions remain unclear, and to avoid legal troubles, many US companies are outrightly keeping Persians as far away as possible.
While it would have been better to have more explicit details of how Gitcoin got to know about the grant and its probable breach of US laws, all we have been able to gather from the US quarters is that this is not in any way a discriminatory effort, as the representative spoken to explained that there are other Farsi-speaking communities on Gitcoin’s program, and none other have been flagged down.
The process of the Gitcoin grant is simple. Any grant called is first raised by its community into a specified Ethereum wallet with all transactions recorded on the Eth block explorer. The Gitcoin algorithm matches every Ethereum spent with the DAI stablecoin
The grant proposal for the Farsi-speaking people became inactive less than 12 hours after it was first drafted due to some suspicion from the Gitcoin team that the grant might have trespassed US laws. As a precautionary measure, the difficult decision had to be taken.
When asked about this report, the Gitcoin team explained that they received a call on December 7th about a new grant listed on their platform. The journalist, who called, preferring to remain anonymous, explained the US sanctions to Iran to the team and told them they might have just crossed a red line.
Because the terms of the sanctions were not clearly stated, the team was put in limbo. After contacting legal counsel, the team unanimously chose to shut down the campaign before it disrupts the entire network.
The Gitcoin team emphasized the need to make the funding process more decentralized and assured everyone they would make that happen, but pending the time that materializes, they have to err on the side of caution and follow US laws since they are a US-based company.
A previous occurrence
While many might want to berate Gitcoin for their choice, it is better to zoom out and look at the whole picture. Several months ago, the United States government jailed a citizen because he went to give a speech about blockchain technology and Web 3.0 in North Korea.
The man, Ethereum developer Virgil Griffith is the recipient of one of the scariest crime cases in the blockchain era.
His case shook the Ethereum community as no one expected the US government to be that strict. Even people that travelled with him without giving any speech now fear for their lives and safety. Gitcoin’s co-founder cited this case and asked everyone involved in Web 3.0 to move carefully, and lose some battles in order to win the war. According to him, it would not be really responsible to put their donors under the risk of OFAC.
While this news does not come good for the cryptocurrency market, the market is still optimistic about ETH2’s merger with the Ethereum mainnet. Stakers can earn passively through https://redot.com/eth2/
Technology
Telecom Operators to Issue 14-Day Notice Before SIM Disconnection
By Adedapo Adesanya
Telecommunications operators in Nigeria will now be required to give subscribers a minimum of 14 days’ notice before deactivating their SIM cards over inactivity or post-paid churn, following a fresh proposal by the Nigerian Communications Commission (NCC).
The proposal is contained in a consultation paper, signed by the Executive Vice Chairman and Chief Executive Officer of the NCC, Mr Aminu Maida, and titled Stakeholders Consultation Process for the Telecoms Identity Risks Management Platform, dated February 26, 2026, and published on the Commission’s website.
Under the proposed amendments to the Quality-of-Service (QoS) Business Rules, the Commission said operators must notify affected subscribers ahead of any planned churn.
“Prior to churning of a post-paid line, the Operator shall send a notification to the affected subscriber through an alternative line or an email on the pending churning of his line,” the document stated.
It added that “this notification shall be sent at least 14 days before the final date for the churn of the number.”
A similar provision was proposed for prepaid subscribers. According to the Commission, operators must equally notify prepaid customers via an alternative line or email at least 14 days before the final churn date.
Currently, under Section 2.3.1 of the QoS Business Rules, a subscriber’s line may be deactivated if it has not been used for six months for a revenue-generating event. If the inactivity persists for another six months, the subscriber risks losing the number entirely, except in cases of proven network-related faults.
The new proposal is part of a broader regulatory review tied to the rollout of the Telecoms Identity Risk Management System (TIRMS), a cross-sector platform designed to curb fraud linked to recycled, swapped and barred mobile numbers.
The NCC explained in the background section of the paper that TIRMS is a secure, regulatory-backed platform that helps prevent fraud stemming from churned, swapped, barred Mobile Station International Subscriber Directory Numbers in Nigeria.
It said this platform will provide a uniform approach for all sectors in relation to the integrity and utilisation of registered MSISDNs on the Nigerian Communications network.
In addition to the 14-day notice requirement, the Commission also proposed that operators must submit details of all churned numbers to TIRMS within seven days of completing the churn process, strengthening oversight and accountability in the system.
The consultation process, which the Commission said is in line with Section 58 of the Nigerian Communications Act 2003, will remain open for 21 days from the date of publication. Stakeholders are expected to submit their comments on or before March 20, 2026.
Technology
Silverbird Honours Interswitch’s Elegbe for Nigeria’s Digital Payments Revolution
By Modupe Gbadeyanka
The founder of Interswitch, Mr Mitchell Elegbe, has been honoured for pioneering Nigeria’s digital payments revolution.
At a ceremony in Lagos on Sunday, March 1, 2026, he was bestowed with the 2025 Silverbird Special Achievement Award for shaping Africa’s financial ecosystem.
The Silverbird Special Achievement Award recognises individuals whose innovation, vision, and sustained impact have left an indelible mark on society.
Mr Elegbe described the award as both humbling and symbolic of a broader journey, saying, “This honour represents far more than a personal milestone. It reflects the courage of a team that believed, long before it was fashionable, that Nigeria and Africa could build world-class financial infrastructure.”
“When we started Interswitch, we were driven by a simple but powerful idea that technology could democratise access, unlock opportunity, and enable commerce at scale.
“This recognition by Silverbird strengthens our resolve to continue building systems that empower businesses, support governments, and expand inclusion across the continent,” he said when he received the accolade at the Silverbird Man of the Year Awards ceremony attended by several other dignitaries, whose leadership and contributions continue to shape national development and industry transformation.
In 2002, Mr Elegbe established Interswitch after he was inspired by a bold conviction that technology could fundamentally redefine how value moves within and across economies.
Under his leadership, the company has evolved into one of Africa’s foremost integrated payments and digital commerce companies, powering financial transactions for governments, banks, businesses, and millions of consumers.
Today, much of Nigeria’s electronic payments ecosystem traces its foundational architecture to the systems and rails established under his leadership.
“Mitchell’s journey is inseparable from Nigeria’s digital payments evolution. His foresight and resilience helped establish foundational infrastructure at a time when the ecosystem was still nascent.
“This recognition affirms not only his personal legacy, but the broader impact of Interswitch in enabling commerce and strengthening financial systems across Africa,” the Executive Vice President and Group Marketing and Communications for Interswitch, Ms Cherry Eromosele, commented.
Technology
SERAP Seeks FCCPC Probe into Big Tech’s Impact on Nigeria’s Digital Economy
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Federal Competition and Consumer Protection Commission (FCCPC) to urgently investigate major global technology companies over alleged abuses affecting Nigeria’s digital economy, media freedom, privacy rights and democratic integrity.
In a complaint addressed to the chief executive of FCCPC, Mr Tunji Bello, the group accused Google, Meta (Facebook), Apple, Microsoft (Bing), X, TikTok, Amazon and YouTube of deploying opaque algorithms and leveraging market dominance in ways that allegedly undermine Nigerian media organisations, businesses, and citizens’ rights.
The complaint, signed by SERAP Deputy Director, Mr Kolawole Oluwadare, urged the commission to take measures necessary to urgently prevent further unfair market practices, algorithmic influence, consumer harm and abuses of media freedom, freedom of expression, privacy, and access to information.”
SERAP also asked the FCCPC to convene a public hearing to investigate allegations of algorithmic discrimination, data exploitation, revenue diversion, and anti-competitive conduct involving the tech giants.
According to the organisation, dominant digital platforms now act as private gatekeepers of Nigeria’s information and business ecosystem, wielding enormous influence over public discourse and market competition without sufficient transparency or regulatory oversight.
“Millions of Nigerians rely on these platforms for news, information and business opportunities,” SERAP stated, warning that opaque algorithms and offshore revenue extraction models pose both economic and human rights concerns.
The group argued that the alleged practices threaten media plurality, consumer protection, privacy rights, and the integrity of Nigeria’s forthcoming elections.
SERAP pointed to actions taken by the South African Competition Commission, which investigated Google over alleged bias against local media content, adding that the South African probe reportedly resulted in measures including algorithmic transparency requirements, compliance monitoring and financial remedies.
SERAP urged the FCCPC to take similar steps to safeguard Nigerian media and businesses.
The organisation maintained that if established, the allegations could amount to violations of Sections 17 and 18 of the Federal Competition and Consumer Protection Act (FCCPA), which prohibit abuse of market dominance and anti-competitive conduct.
SERAP stressed that the FCCPC has statutory authority to investigate and sanction conduct that substantially prevents, restricts or distorts competition in Nigeria.
It also warned that failure by the Commission to act promptly could prompt the organisation to pursue legal action to compel regulatory intervention.
Citing concerns reportedly raised by the Nigerian Press Organisation (NPO), SERAP said big tech companies have fundamentally altered Nigeria’s information environment, creating what it described as a structural imbalance of power that threatens the sustainability of professional journalism.
Among the allegations listed are: Algorithms controlled outside Nigeria determining content visibility, monetisation of Nigerian news content without proportionate reinvestment, offshore extraction of advertising revenues, limited discoverability of Nigerian websites and platforms, and lack of transparency in ranking and recommendation systems.
SERAP argued that declining revenues in the Nigerian media industry have led to shrinking newsrooms, closure of bureaus, and the emergence of news deserts, weakening journalism’s constitutional role in democratic accountability.
The organisation further warned that algorithmic opacity and data-driven micro-targeting could influence voter exposure to information ahead of Nigeria’s forthcoming elections, raising concerns about electoral fairness and transparency.
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