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01 March 2021

Authorities to regulate one of the world's biggest Bitcoin markets

Authorities to regulate one of the world's biggest Bitcoin markets


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“There is a lot of investment move into the cryptocurrency market and the tendency is that it will reduce the number of investments in the stock market,” said Agama, stating that a robust regulatory structure would help avoid the various challenges that cryptocurrency adoption faces around the world.

He added that such a move would, in addition, also help attract foreign investments into the local crypto market.

However, he added that the SEC would not allow any fraudulent practices that facilitated money laundering—a concern that the crypto market is notorious for.

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