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[SCAMEXPOSER]

According to a Sept. 2 report, the SEC has established a dedicated fintech division tasked with studying crypto and blockchain investments and products — knowledge it could then marshal into a future crypto regulatory framework. Director-General Lamido Yuguda told Reuters this week that the agency is "looking at this market closely to see how we can bring out regulations that will help investors protect their investment in blockchain."

Nigeria's SEC, which says that all crypto assets "are securities, unless proven otherwise," will only be able to establish a regulatory framework if crypto is once again integrated into the country's banking system.
This is a good news to Nigerians, it is my hope cryptocurrencies are reintegrated.

 

[Wisdom01]

I really hope they study and bring out the desired results , because cryptocurrency have so many importance and shouldn't be overlooked

 

[SCAMEXPOSER]

I will definitely come out with good results I'm sure if the Central Bank of Nigeria is not willing to adopt cryptocurrencies they won't bother setting up any committee to make research as done buy Nigerian SEC

 

[Brain]

My country always about talking and more talks with no implementations. I hope this will come to be, because we will all benefits from it if it is as stated

 

[SCAMEXPOSER]

Let us be optimistic, gradually Nigerla will embrace Crypto currencies but right mechanisms must be put in place to curb money laundering and terrorism activities

 

[Wisdom01]

My country always about talking and more talks with no implementations. I hope this will come to be, because we will all benefits from it if it is as stated

I have truly see the news of them trying ,but no implementation have been done yet , hopefully they work on that , because the government are not encouraging cryptocurrency growth

 

[LutherKing]

They are moving in the right direction and of the framework works out they can actually control money effectively in their country Tbh

 

[Brain]

I have truly see the news of them trying ,but no implementation have been done yet , hopefully they work on that , because the government are not encouraging cryptocurrency growth

They are not when there's still a ban on crypto currency. So maybe we shouldn't expect so much from them until this is actualize because this might be in the pipeline for a long time

 

[SCAMEXPOSER]

They are not when there's still a ban on crypto currency. So maybe we shouldn't expect so much from them until this is actualize because this might be in the pipeline for a long time

Obviously nothing meaningful can be seen in the Nigerla as regards cryptocurrencies because of the ban but I hope the set up committee will recommend regulations to outright ban to the government.

 

[LutherKing]

Many countries try to do so but the thing is that still many people are able to trade crypto can't Br ban for sure to be honest in NY opinion ..

 

[Balint098]

That is good. Gotta study the risk and the possible benefits of crypto first, instead of jumping head first like the El Salvadorean Government.

 

[Brain]

Obviously nothing meaningful can be seen in the Nigerla as regards cryptocurrencies because of the ban but I hope the set up committee will recommend regulations to outright ban to the government.

Yeah I agree with you with their stance on the ban I always read related news with doubts because they are yet to fix the first issue which is acceptance

 

[SCAMEXPOSER]

That is good. Gotta study the risk and the possible benefits of crypto first, instead of jumping head first like the El Salvadorean Government.

I don't think the El-Salvador government jumped at it considering the mechanisms rolled out after bitcoin was formally adopted as legal tender. Check the price of Bitcoin when they adopted it and now.

 

[07Trinity]

According to a Sept. 2 report, the SEC has established a dedicated fintech division tasked with studying crypto and blockchain investments and products — knowledge it could then marshal into a future crypto regulatory framework. Director-General Lamido Yuguda told Reuters this week that the agency is "looking at this market closely to see how we can bring out regulations that will help investors protect their investment in blockchain."

Nigeria's SEC, which says that all crypto assets "are securities, unless proven otherwise," will only be able to establish a regulatory framework if crypto is once again integrated into the country's banking system.
This is a good news to Nigerians, it is my hope cryptocurrencies are reintegrated.

Waste of resources and time,the beauty of cryptocurrency is built on the fact that it's untraceable,this is the major reason people rather opt for recieving payment through cryptocurrency.

 

[SCAMEXPOSER]

Waste of resources and time,the beauty of cryptocurrency is built on the fact that it's untraceable,this is the major reason people rather opt for recieving payment through cryptocurrency.

Not a waste of resources in my opinion, every country set up committee to look into ways of embracing cryptocurrencies with much side effects especially the low tier countries.

 

[Brain]

Waste of resources and time,the beauty of cryptocurrency is built on the fact that it's untraceable,this is the major reason people rather opt for recieving payment through cryptocurrency.

I don't think it is a waste, their findings might actually make them understand the system better and the ban removed. You know there's a ban already so this might help

 

[CrazySher]

According to a Sept. 2 report, the SEC has established a dedicated fintech division tasked with studying crypto and blockchain investments and products — knowledge it could then marshal into a future crypto regulatory framework. Director-General Lamido Yuguda told Reuters this week that the agency is "looking at this market closely to see how we can bring out regulations that will help investors protect their investment in blockchain."

Nigeria's SEC, which says that all crypto assets "are securities, unless proven otherwise," will only be able to establish a regulatory framework if crypto is once again integrated into the country's banking system.
This is a good news to Nigerians, it is my hope cryptocurrencies are reintegrated.

I think the overcome of this study process should out with a positive way and government should approve the currencies with no problem.

 

[Brain]

Lol. You are very right with this , but let's just hope the best would come out from this and won't be those abandoned talks of theirs.

Yeah mate they behave like toothless bull dogs all noise and no action. I hope they pull through with this one. At least it will be a score for them .

 

[07Trinity]

That is the aspect they want to understand by them setting up a fintech team to study it.and I think with time it would be clear to all.

The fintech process will later turn up to be an embezzlement channel,we can't just trust anything coming out of the government except there is a total overhauling in the system.

 

[Flower]

I have heard rumours that the Nigerian government would look into cryptocurrency adoption. I think it would be a reality soon.