New Topic: SEC ISSUE NEW CRYPTOCURRENCY REGULATION IN 🇳🇬 NIGERIA
CBN MOVE FROM BAN TO REGULATIONS OF CRYPTO
Some good news coming from the security and exchange commission(SEC) in Nigeria as the government gives out guidelines that will serve as a template that will guide the cryptocurrency transactions and service. As the quest for cryptocurrency adoption 4 9ja keep advancing the new regulation law was made known to the public on Friday 13th of May 2022 this is a big relief to the 9ja crypto community even though the guideline does not include full flesh cryptocurrency adoption bit at list give cryptocurrency users in 9ja the clue to what the country law is as regards cryptocurrency transaction.
While it is the first of its kind in Africa, the SEC regulation is coming without an exposure draft. Usually, important guidelines like the New Rules on Issuance, Offering Platforms, and Custody of Digital Assets as the regulation is titled, are preceded by an exposure draft.
An exposure draft is an early version of a document that has been released to the public for comments. Following a sufficient period of time for public comments to be received and further consideration by the originator of the document, a final version is released.