Nigerian SEC mandates local offices for crypto firms

The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits and monitoring.

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Nigerias SEC advised to regulate Bitcoin, Ether as commodities

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.

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Nigerias SEC urged to regulate Bitcoin, Ether as commodities

By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of the digital assets.

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Crypto enthusiasts warn against naira trade ban on exchanges

Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the Nigerian government has turned its focus to platforms providing cryptocurrency services.

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Nigerian SEC announces new rules, compliance program for digital assets

While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date.

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CZ Says Binance Has Issued a Cease and Desist Notice Against Nigerian ‘Scammer Entity’

Changpeng Zhao, the CEO of Binance, said the recently banned Binance Nigeria Limited has been issued with “a cease and desist notice.” Zhao, who has since branded the Nigeria-registered company a “scammer entity,” told his followers not to believe everything they read in the news. Binance Disassociates Itself From Banned Nigerian Entity The CEO of [...]

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