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Update from thewhistler.ng reveal that the Chairman of Security Exchange commission (SEC) Nigeria in person of Mall. Yuguda said the Commission will collaboratw with the Central Bank of Nigeria and other crictical stakeholders to develop a regulatory frame work for Crypto currencies assets. He stated this while in meeting with Senate Committee on Banking, Insurance and other Financial Institutions, Capital Market and ICT and Cyber Crime in Abuja, on Tuesday. Fintech is part of the major stakeholders to partner with.

 

[Wisdom01]

This is a very good idea because i noticed quite well that banning crypto currency is not just the best way , regulating it also can relly help too

 

[Josemendez]

This is the best way to go about it , there should be some kind of regulation on crypto currency ,to actually prevent people from getting scammed

Regulation won't prevent people from being scammed , especially the greedy ones . Infact regulations only help the government to monitor money laundering

 

[Niftyicon]

I would have expected that this regulation plans and discussions would come first before putting any ban in place. It is just like 'putting the cart before the horse'.

 

[Kunkun]

I believe it's more about control for them than the dangers that cryptocurrency poses. It's akin to an insult to have a trillion dollars market that is totally out of their control.

Well said, I had the same thought too, because why ban it in the first place and knowing Nigeria and her govt, this is probably the case, control