PANews reported on August 12 that according to BeInCrypto, the Director of the Nigerian Securities and Exchange Commission (SEC), Momotimi Agama, said that the agency is cautiously open to Bitcoin regulation and is willing to actively explore relevant frameworks. Agama emphasized that the SEC is still mainly focused on investor protection and market integrity maintenance. The regulator is committed to helping people understand the concept of cryptocurrency and guiding them on how to trade digital assets correctly. In addition, severe measures will be taken against companies or individuals who do not comply with SEC regulations. Previously, Nigeria detained and charged Binance executive Tigran Gambaryan with violating anti-money laundering laws.
