(b) issue legal tender currency in Nigeria;
(c) maintain external reserves to safeguard the international value of the legal tender currency; (d) promote a sound financial system...
(e) Act as banker and provide economic and financial advice to the Federal Government.”.
The SEC is the ultimate national securities regulator for cryptosecurities, cryptocommodities, and cryptoderivatives which are products financialised and built on cryptocurrencies as the nascent monetary system foundation.
"13 The Commission shall be the apex regulatory organisation for the Nigerian capital market and shall carry out the functions and exercise all the powers prescribed in this Act and, in particular, shall-
(b) register and regulate securities exchanges, capital trade points , futures, options and derivatives exchanges, commodity exchanges and any other recognised investment exchange;