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Nigeria’s SEC Places Cryptocurrencies As Securities In Landmark Regulatory Document

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5 years ago

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Nigeria’s Securities and Exchange Commission (SEC) on Monday designated the title of “securities” to crypto assets and hence will be regulated by it.

According to the capital market regulator, the power it has to regulate the crypt asset class derives from Section 13 of the Investment and Securities Act, 2007. The section conferred the powers.

(BUSINESS DAY)

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