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How many enforcement actions will Nigeria's SEC take against unregulated crypto operators by end of 2024?
3
Resolution / Starting Odds
0 • 25%
1-2 • 25%
3-5 • 25%
More than 5 • 25%
Official announcements from Nigeria's SEC or verified news sources
Story
Nigeria's SEC to Enforce Actions Against Unregulated Crypto Operators, New Rules Incoming
Sep 9, 2024, 10:39 AM
The Securities and Exchange Commission (SEC) of Nigeria has announced plans to initiate enforcement actions against unregulated cryptocurrency operators. The Director-General, Emomotimi Agama, emphasized that the new regulations aim to protect investors and promote innovation in the rapidly growing crypto sector. The SEC's efforts will target both businesses and individuals operating without proper licenses. This move follows the recent licensing of Busha Digital and Quidax Technologies, marking a significant step towards a regulated crypto market in Nigeria. New rules for crypto exchanges are incoming.
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Increase in enforcement actions • 33%
Decrease in enforcement actions • 33%
No significant change • 33%
New regulations introduced • 25%
Another major asset freeze • 25%
Court ruling in favor of crypto holders • 25%
Other significant action • 25%
Less than 50 • 33%
50 to 100 • 33%
More than 100 • 33%
1 • 25%
2 • 25%
3 • 25%
4 or more • 25%
Stricter regulations • 25%
Looser regulations • 25%
No change • 25%
Ban on cryptocurrency exchanges • 25%
Most actions dropped • 25%
Some actions dropped • 25%
No actions dropped • 25%
Increased actions • 25%
MEXC • 25%
KuCoin • 25%
Both equally • 25%
Neither • 25%
Yes • 50%
No • 50%
New lawsuit against another exchange • 25%
New regulations for crypto assets • 25%
Settlement with another major exchange • 25%
Other • 25%
Introduce new regulations • 25%
Modify existing regulations • 25%
Rescind existing regulations • 25%
No major action • 25%