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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.
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.