Nigeria’s SEC advised to regulate Bitcoin, Ether as commodities: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1717416008947-YAKIHONNES3.jpg In light of a recent court ruling in Illinois that classified Bitcoin and Ether as commodities, Nigerian stakeholders are urging the Nigerian Securities and Exchange Commission (SEC) to adopt a similar approach in its regulatory framework.
Nigeria's Securities and Exchange Commission (SEC) to regulate Bitcoin and Ether as commodities. This recommendation comes after a recent court ruling in the United States state of Illinois that classified Bitcoin and Ether as commodities. By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets