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Nigeriaâs SEC to Begin Enforcement Action Against Unregulated Cryptocurrency Firms
Last month, Nigeria granted licenses to cryptocurrency exchanges Quidax and Busha.
The Nigerian Securities and Exchange Commission (SEC) is preparing to take enforcement action against cryptocurrency firms operating without regulation.
The move is aimed at cracking down on firms that do not comply with the countryâs regulatory requirements, SEC Director-General Emomotimi Agama said in a recent interview with local media.
âWe will begin enforcement action against anyone operating in this market without the intention of being regulated,â Agama stated.
Nigerian SEC Begins Issuing Licenses to Exchanges
While Nigeria has taken a cautious approach to cryptocurrencies, the SEC has recently begun issuing licenses to compliant cryptocurrency firms.
Last month, it granted licenses to cryptocurrency exchanges Quidax and Busha.
3
In addition, the SEC announced that five other companies have been approved to test their business models and technologies under the SECâs Regulatory Incubation (RI) Program.
#Write2Win #binance #tradecoinhtx #GPURendering
Last month, Nigeria granted licenses to cryptocurrency exchanges Quidax and Busha.
The Nigerian Securities and Exchange Commission (SEC) is preparing to take enforcement action against cryptocurrency firms operating without regulation.
The move is aimed at cracking down on firms that do not comply with the countryâs regulatory requirements, SEC Director-General Emomotimi Agama said in a recent interview with local media.
âWe will begin enforcement action against anyone operating in this market without the intention of being regulated,â Agama stated.
Nigerian SEC Begins Issuing Licenses to Exchanges
While Nigeria has taken a cautious approach to cryptocurrencies, the SEC has recently begun issuing licenses to compliant cryptocurrency firms.
Last month, it granted licenses to cryptocurrency exchanges Quidax and Busha.
3
In addition, the SEC announced that five other companies have been approved to test their business models and technologies under the SECâs Regulatory Incubation (RI) Program.
#Write2Win #binance #tradecoinhtx #GPURendering
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HOT!!! BTC Volatility: One Week Review from August 26 to September 2, 2024.
Key Indicators (Hong Kong time, August 26, 4pm -> September 2, 4pm):
BTC/USD -9.8% ($63,600 -> $57,400) ïŒETH/USD -12.2% ($2,735 -> $2,400)
BTC/USD December ATM volatility (year-end) -1.4v (62.2->60.8), December 25 risk reversal volatility +0.2v (2.1 -> 2.3)
Overview of spot technical indicators
An attempt to break above the $64-65k range resistance level failed and BTC price quickly dropped back to the short-term support level of $57k
BTC/USD -9.8% ($63,600 -> $57,400) ïŒETH/USD -12.2% ($2,735 -> $2,400)
BTC/USD December ATM volatility (year-end) -1.4v (62.2->60.8), December 25 risk reversal volatility +0.2v (2.1 -> 2.3)
Overview of spot technical indicators
An attempt to break above the $64-65k range resistance level failed and BTC price quickly dropped back to the short-term support level of $57k
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Attention!!! When you own these three coins you will become rich!!!
Recovery Coming: 3 Cryptocurrencies That Surge Up to 100x Are Sure to Surge in the Bull Market!
$SOL
Yesterday, when the whole market showed a downward trend, on the other hand, the trading volume of SOL was basically the same as the previous day, which did not amplify the effect. Relatively speaking, the trend of SOL was stronger than Bitcoin and Ethereum, and the amplitude was 9% larger.
$TAO
TAO, a coin that simulates Bittensor's decentralized machine learning network, has increased in price by more than 15% over the past week. Since the beginning of this month, the fake coin has been trading in an upward channel.
$SOL
Yesterday, when the whole market showed a downward trend, on the other hand, the trading volume of SOL was basically the same as the previous day, which did not amplify the effect. Relatively speaking, the trend of SOL was stronger than Bitcoin and Ethereum, and the amplitude was 9% larger.
$TAO
TAO, a coin that simulates Bittensor's decentralized machine learning network, has increased in price by more than 15% over the past week. Since the beginning of this month, the fake coin has been trading in an upward channel.