Nigerian SEC Launches New Crypto Regulations Amid Binance Scandal: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1719001296695-YAKIHONNES3.jpg The Nigeria Securities and Exchange Commission (SEC) unveiled a new crypto regulatory framework Friday focused on amending its approach to digital asset issuance, exchange and custody, and offering platforms. The news came just one day after U.S. lawmakers visited detained Binance executive Tigran Gambaryan.
The Securities and Exchange Commission (SEC) of Nigeria has recently updated its guidelines for crypto service providers in an effort to prevent criminal activity and protect the capital markets . This move comes in the wake of a dispute involving Binance, one of the largest cryptocurrency exchanges in the world, and the Nigerian government.
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