1) Nigeria π³π¬Β seeks to draw a clear line between #cryptocurrencies & digital assets.
With this, it joins the likes of South Korea π°π·, Hong Kong ππ°, and Singapore πΈπ¬.
According to them:
Digital assets = stablecoins, #NFTs, and CBDCs
Cryptocurrencies = #Bitcoin, Ethereum, etc
With this, it joins the likes of South Korea π°π·, Hong Kong ππ°, and Singapore πΈπ¬.
According to them:
Digital assets = stablecoins, #NFTs, and CBDCs
Cryptocurrencies = #Bitcoin, Ethereum, etc
2) This development comes from the head of the Nigerian Securities and Exchange Commission, Lamisil Yuguda.
The Nigerian SEC isn't really enthusiastic about the proliferation of #crypto assets within the country's borders.
The Nigerian SEC isn't really enthusiastic about the proliferation of #crypto assets within the country's borders.
3) And this reflects in its instructions to local banks not to provide services to companies engaged in crypto activities.
However, #crypto isn't banned in the country. β οΈ
However, #crypto isn't banned in the country. β οΈ
4) Surprisingly, although the country's SEC isn't prioritizing crypto, #Nigerians continue to top all global lists of most crypto-savvy users.
So, will the Nigerian SEC's anticrypto stance dent its citizens' crypto-affinity, or will it continue to grow? Comments below!
So, will the Nigerian SEC's anticrypto stance dent its citizens' crypto-affinity, or will it continue to grow? Comments below!
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