Nigeria to Crack Down on Unregulated Crypto Exchanges
Nigeria’s Securities and Exchange Commission (SEC) intends to initiate enforcement actions against businesses and individuals who engage in unregulated cryptocurrency transactions. The local news agency Nairametrics reported on September 9 that Emomotimi Agama, the Director-General of Nigeria’s Securities and Exchange Commission (SEC), announced that Nigeria will take action against entities that attempt to offer cryptocurrency […]
Crypto Can Aid Unbanked Population – Nigeria’s SEC DG
Emomotimi Agama, the Director General of SEC in Nigeria, has emphasized the potential of crypto to provide substantial benefits to the country’s unbanked population. According to local news outlets, Agama predicted that Nigeria’s cryptocurrency market would reach $52.5 million by 2028 during the 2024 Annual Conference of the Association of Capital Market Academics of Nigeria. […]
CBN Addresses P2P Trader Account Ban Rumors
The Central Bank of Nigeria addresses rumors about banning P2P trading accounts and discusses regulation, while Binance faces more scrutiny and legal issues. Following recent rumors that circulated regarding a purported directive to identify and restrict transactions with cryptocurrency exchanges, the Central Bank of Nigeria (CBN) promptly responded. In opposition to these allegations, the CBN affirmed […]
Nigeria’s SEC Releases New Guidelines for Crypto Firms Amid Binance Feud
Nigeria’s SEC has published new guidelines to regulate the activities of crypto firms and prevent money laundering and fraud. The move comes as the country is clamping down on crypto exchanges, especially Binance, which faces legal troubles and criticism. Nigeria’s Securities and Exchange Commission (SEC) has released new guidelines to regulate the operations of crypto […]