According to Foresight News, the Nigerian Securities and Exchange Commission (SEC) is set to issue its first licenses for digital services and tokenized assets within this month. This announcement was made by the SEC's Director General, Emomotimi Agama, as reported by Bloomberg.
This move marks a significant step in Nigeria's regulatory landscape for digital assets, aiming to provide a structured framework for the burgeoning sector. The issuance of these licenses is expected to foster greater transparency and security in the digital asset market, potentially attracting more investors and stakeholders to participate in the Nigerian digital economy.
In related developments, Foresight News previously reported that Nigeria's tax regulatory body is planning to introduce a cryptocurrency bill in September. This upcoming legislation is anticipated to further clarify the legal and tax obligations for cryptocurrency transactions, thereby enhancing regulatory oversight and compliance within the industry.