Nigeria’s Central Bank to Draft New Crypto Regulations with SEC
TLDR
- Nigeria’s CBN teams up with SEC to draft crypto regulations for digital assets.
- SEC prepares to introduce taxation rules for cryptocurrency transactions in Nigeria.
- CBN lifted the crypto ban in 2023, signaling a more open regulatory approach.
- Nigeria’s crypto sector faces challenges including police harassment and legal uncertainty.
The Central Bank of Nigeria (CBN) is set to collaborate with the Nigeria Securities and Exchange Commission (SEC) to create a regulatory framework for digital assets. This move comes as the country seeks to address the growing influence of cryptocurrencies and blockchain technology. The CBN’s Governor, Olayemi Cardoso, revealed this at a recent lecture, stating the importance of…
