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Nigeria SEC to Commence Enforcement Action on Unlicensed Crypto Firms: Reports
10.9.2024
We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said
Nigeria’s SEC to crack down on unregulated crypto exchanges
9.9.2024
Nigeria’s SEC will enforce regulations on unregulated crypto businesses, protecting investors while encouraging innovation in the growing market
Nigeria’s SEC issues first license to local crypto exchange
19.8.2024
As the regulatory environment continues to evolve, other local exchanges will likely follow Quidax’s lead and seek to meet the SEC’s requirements
Nigerian police arrest crypto star in fraud crackdown
17.7.2024
As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria
Nigerian police arrest crypto star in fraud crackdown
17.7.2024
As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria
Nigerian SEC mandates local offices for crypto firms
4.7.2024
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits, and monitoring
Nigeria’s SEC boss says crypto can aid 38M unbanked
28.6.2024
Agama noted that cryptocurrencies like Bitcoin can greatly lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home
Nigerian blockchain group calls for fair resolution in Binance case
27.6.2024
BICCoN believes that a balanced approach can help resolve the current challenges, and empower Nigeria to create a supportive environment for the blockchain industry to thrive
Nigeria’s SEC-Crypto License
21.5.2024
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter...
Nigeria’s SEC Proposes 400% Registration Fee Increase for Crypto Firms
19.3.2024
Nigeria's Securities and Exchange Commission (SEC) has put forward amendments to the regulatory framework governing platforms offering cryptocurrency services, suggesting a significant increase in registration fees for crypto exchanges.
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Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
7.3.2024
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken
Nigeria’s SEC warns against trading on Binance
1.8.2023
The Commission insists that the platform doesn’t have a license to work in the country and hence its operation is illegal
Nigerian crypto tax move is ‘premature’ – local stakeholders
7.7.2023
Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures
Tokens but not crypto: Nigeria SEC prepares new digital asset rules
1.5.2023
Nigeria’s securities regulator will take at least ten months to determine whether to register a digital asset-related company
Nigeria Leads Africa in Regulating Digital Asset Space — Securities Regulator
20.7.2022
Nigeria has taken the lead in regulating digital assets in Africa, and is one of the countries looking keenly into governing the digital asset space, an executive director with the country’s securities regulator has said. The director also made clarifications on the different regulatory...
Crypto market too big to ignore, says Nigeria SEC
22.2.2021
Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country