In my previous post, I talked about how Kansas Police recover $30k worth of crypto from a Nigeria scammer.
Today, Nigeria’s Securities and Exchange Commission (SEC) plans to start enforcement actions against businesses and individuals involved in unregulated cryptocurrency transactions.
Emomotimi Agama, the Director-General of Nigeria’s Securities and Exchange Commission (SEC) said and I quote “We are certainly going to commence enforcement actions on anyone who wants to operate in this market without the intention of being regulated. For those that do not want to play by the books, we will not allow them to operate within our space.”
According to Agama, the recent approvals of Busha and Quidax in Nigeria were driven by young Nigerians’ growing interest in digital assets. The official stressed it is essential to provide a clear regulatory framework protecting investors while encouraging innovation.
Do you think #crypto is now here to stay in #Nigeria or it’s a way to get hold of some people’s banking details for questioning?
