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Nigeria to Ban Person-to-Person Crypto Trade in Dented Naira - BLOOMBERG
- SEC planning to release crypto regulations in ‘coming days’
- Move is latest step to shield the currency from speculators
Nigeria vowed to ban person-to-person cryptocurrency trading in the naira, taking its latest step to corral an industry which the West African nation blames for harming the battered local currency.
Securities and Exchange Commission Director General Emomotimi Agama also told a meeting with fintech professionals on Monday that new rules would be rolled out “in the coming days” covering crypto exchanges, digital asset custodians and other corners of the sector.
