Nigeria’s SEC to Licence Crypto Exchanges as Adoption Surges
- Regulator to issue first virtual-asset licenses this month
- Regulation seeks to empower youths, check currency abuse
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Nigeria’s top finance regulator plans to license providers of virtual assets including cryptocurrencies to tap opportunities and protect investors as adoption rates surge in the West African nation.
The Abuja-based Securities and Exchange Commission is looking to issue its first licenses for digital service and tokenized assets this month, Director-General Emomotimi Agama said.