“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…
According to Prof. Ndubuisi Ekekwe, founder of Tekedia, stablecoins’ popularity surge is driven by the desire for predictability in value and could potentially challenge bitcoin’s (BTC) long-term viability as the…
n “Approval in Principle”, according to SEC Nigeria, means “preliminary authorization given to eligible applicants to operate within the confines of the ARIP pending final registration by the Commission.” This…
Speaking recently in a panel at the Global Tech Africa Conference in Lagos a week ago on the implementation of the National Blockchain Policy in Nigeria, Femi Adegolu, Co-Founder and…
The Federal Inland Revenue Service (FIRS), the Federal tax authority in Nigeria, wants tax revenue from crypto services in Nigeria. To achieve this goal, the FIRS plans to work with…
