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Will Nigeria's SEC initiate enforcement actions against unregulated crypto operators by end of 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
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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New regulations introduced • 25%
Another major asset freeze • 25%
Court ruling in favor of crypto holders • 25%
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Ban on cryptocurrency exchanges • 25%
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New lawsuit against another exchange • 25%
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