The Nigerian SEC is cautiously open to Bitcoin and is actively exploring a regulatory framework. SEC Director Momotimi Agama said the goal is to integrate cryptocurrencies into the financial system while protecting investors and maintaining market integrity. Regulatory initiatives will be consistent with these goals and guide the correct trading of digital assets.

Meanwhile, Bitcoin supporter James Utudor filed a lawsuit to unblock cryptocurrency exchanges and protect the basic rights of Nigerians. What do you think? Chat in the comments!