Nigerian SEC to issue crypto platform licenses as market size grows: Report
In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading.
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In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading.
By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets.
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits, and monitoring.
