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24 February 2021

Crypto market too big to ignore, says Nigeria SEC

Crypto market too big to ignore, says Nigeria SEC


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According to a report by Premium Times, both the SEC and the Central Bank of Nigeria will work collaboratively on devising a concrete regulatory framework for cryptos in Nigeria.

For Timi Agama, the commission’s registration, exchanges, market infrastructure, and innovation head, regulators in Nigeria cannot afford to ignore the $1.74 trillion crypto market.

Also, crypto exchanges in Nigeria were adhering to Know Your Customer best practices which included the bank verification number, or BVN, authentication.

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cointelegraph.com
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