Nigeria to Regulate Trade in Crypto Assets

Nigeria’s Securities and Exchange Commission (SEC) has said it will begin regulating trade in crypto assets to protect investors and ensure market integrity and transparency.

SEC said in statement that digital assets offerings provide alternative investment opportunities for the investing public, noting that it is therefore essential to ensure that these offerings operate in a manner that is consistent with investor protection, the interest of the public, market integrity and transparency.

It explained that the general objective of regulation is not to hinder technology or stifle innovation, but to create standards that encourage ethical practices that ultimately make for a fair and efficient market.

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