Bitcoin
$ 55,412
Ethereum
$ 2,298.9
Litecoin
$ 259.13
okex ads

SEC Nigeria Releases New Guidelines For the Regulation of Digital Assets—Cryptocurrency.

According to confirmation of Fintech Nigeria, Security Exchange Commission (SEC) Nigeria will be releasing new guidelines of cryptocurrency.

During an AMA Series Session by Fintech Nigeria on twitter, it was reported that cryptocurrencies are yet to be regulated in Nigeria.

The question was “if cryptocurrency is regulated under Fintech Nigeria?”, it was reported that the Security Exchange Commission of Nigeria will be releasing new guidelines on the operation of digital assets in Nigeria.

Moreover, SEC had released a draft rules on cryptocurrency where it was classified as virtual assets.

“Cryptocurrencies are currently not regulated in Nigeria but SEC will be coming out soon with guidelines on operations of digital assets which includes cryptocurrencies.We can share a copy of draft Rules by SEC on crypto classified as a virtual asset with you.”

And according to the Final Report of the Fintech Roadmap accepted by the Capital Markets community classified cryptocurrencies as Commodities or Securities NOT currency.

But now, the recent update from the Fintech Nigeria confirms that Cryptocurrencies are not regulated in Nigeria.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Bank of America: DeFi is Traditional Finance’s Nemesis Not Bitcoin
April 20, 2021By
Coinbase suspends ETH, ERC20 withdrawals
April 20, 2021By
P2P Crypto Marketplace, Bitzlato (BZ), Partners with Lemonade Finance, to Ease Money Transfers Across Africa
April 20, 2021By

Advertisement

Video Posts

In
Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210
In
Tech Adoption For Small Business
April 6, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin55,412 0.80 % 1.09 % 12.84 %
Ethereum2,298.9 0.65 % 8.32 % 0.24 %
Binance Coin584.34 0.43 % 20.03 % 5.64 %
Tether0.9990 0.11 % 0.20 % 0.22 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.240 0.99 % 5.45 % 12.66 %
XRP1.410 0.48 % 10.46 % 21.22 %
Uniswap31.65 1.44 % 6.75 % 10.84 %
Litecoin259.13 1.33 % 4.27 % 2.68 %
Chainlink37.73 0.76 % 6.45 % 5.82 %