The recent collapse of the latest Ponzi scheme in Nigeria, Crypto Bridge Exchange or CBEX, has left many Nigerians devastated, with losses estimated in hundreds of millions of naira. The…
Recently, in an extraordinary display of industry solidarity, crypto exchange Bitget came to the rescue of rival crypto exchange platform, Bybit. Bitget transferred approximately $106 million in Ether (ETH) to…
In a landmark statement, the U.S Securities and Exchange Commission (U.S SEC) has announced that “Covered Stablecoins”—digital assets backed one-to-one by liquid, high-quality assets—will not be considered securities in the…
by Edison Irabor
The stablecoin market has witnessed unprecedented growth, with US dollar stablecoins reaching a staggering $230.2 billion, adding $1.83 billion towards the end of March 2025. The immediate drive…
“Digital assets” are now expressly classified as “securities” in Nigeria, officially and effectively making digital assets regulation in the country the primary business of Nigeria’s Securities and Exchange Commission (SEC).…
Nigeria’s crypto ecosystem is experiencing significant growth, thanks to the Securities and Exchange Commission’s (SEC) decision to issue provisional crypto operations licenses to two startups, Busha and Quidax, in August…
In a landmark decision, the US Office of the Comptroller of the Currency (OCC) has cleared the way for national banks to engage in certain cryptocurrency activities. Published in the…
In a significant move, US Treasury Secretary Scott Bessent announced at the White House Crypto Summit that the US government plans to utilize stablecoins to solidify the dollar’s position as…
As he reflected on his time at the SEC, Gensler expressed his admiration for the agency and its mission. “The Securities and Exchange Commission is a remarkable agency,” he said…
At the meeting, Dr. Agama emphasized the importance of consultation, transparency, and integrity in the regulatory process, acknowledging concerns about communication and the need for stakeholder input in regulation-making. He…