Nigeria's crypto scene might be on the verge of a major shift! Emomotimi Agama, the Director General of the SEC, recently praised cryptocurrencies for their potential to enhance financial services, especially in reducing remittance costs and aiding Nigeria's 38 million unbanked adults.
Despite recent crackdowns on exchanges like Binance and service restrictions across the sector, Agama's remarks at the 2024 PACMAN Conference highlight the significant role of crypto, with over 33.4% of Nigerians involved. This could signal a move towards easing regulations and a more positive outlook for crypto in Nigeria.
