Nigeria Securities and Exchange Commission

Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto

December 20, 2022 Bitcoin.com

Babangida Ibrahim

Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central Bank of Nigeria (CBN) is not well positioned to regulate […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Report: Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda

November 30, 2022 Bitcoin.com

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According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda reportedly said the commission will only change its stance on cryptos when Nigerian regulators agree on the standards to protect digital asset investors. Commission to Promote ‘Sensible […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated

May 30, 2022 Bitcoin.com

Atiku Abubakar

Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created opportunities for the country’s youth. However, he insisted that there is a need for the enactment of laws that guide players in this space. Digital Currencies Create Opportunities for the Youth One of Nigeria’s presidential aspirants, Bukola […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Nigerian SEC Announces New Rules Governing Issuance of Digital Assets

May 15, 2022 Bitcoin.com

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The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission (SEC) has announced new rules that govern the issuing of digital assets as securities. The regulations also include […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry

February 7, 2022 Bitcoin.com

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The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation should on one hand encourage innovation, but discourage bad actors on the other. Equal Access to Banking and Financial Services The Nigerian blockchain advocacy group, […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators

January 27, 2022 Bitcoin.com

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The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry. Proposed Law Does Not Expressly Mention Cryptocurrencies As Nigerian lawmakers debate a bill that proposes a ten-year jail term for operators […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’

December 14, 2021 Bitcoin.com

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A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates Cryptos In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance on cryptocurrencies, a minister in the Nigerian […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Report: Nigerian Securities and Exchange Commission Sets Up Fintech Division for Crypto Research

September 4, 2021 Bitcoin.com

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Nigeria’s securities regulator, the Nigerian Securities and Exchange Commission (SEC) has set up a fintech division “to study crypto investments.” This was revealed by Lamido Yuguda, the director-general of the SEC during an interview. Protecting Crypto Investors In the interview, Yuguda explains that the study’s findings will help inform the SEC of the best ways […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

FBI Helps to Train Nigerian Crypto Crime Investigators

August 29, 2021 Bitcoin.com

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The United States government through the FBI recently helped to run a training exercise whose goal is to enhance the capacity of Nigerian cryptocurrency crime investigators, the U.S. Mission Nigeria (USMN) has said. The exercise saw over 50 Nigerian investigators and prosecutors participate. Understanding the Trends In its August 25 tweet, the USMN reveals that […]

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Van Eck reissues $180K Bitcoin price target for current market cycle

Fleeing Lynchpin of Nigerian Crypto Ponzi Scheme Inksnation Captured

May 29, 2021 Bitcoin.com

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The lynchpin of Inksnation, one of Nigeria’s biggest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. According to Nigeria’s Economic and Financial Crime Commission (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a city located in the northwest part of the country. Still, in its May 28 Twitter statement, the EFCC […]

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Van Eck reissues $180K Bitcoin price target for current market cycle