*Dr. Emomotimi Agama, Director-General of Nigeria鈥檚 Securities and Exchange Commission, clarifies the market regulatory Commission says 鈥榓pproval is yet to be given to anyone鈥� in the crypto market, contrary to some news reports

Alexander Davis | 绿帽献妻

Nigeria鈥檚 Securities and Exchange Commission (SEC) has announced that the market regulatory Commission has yet to issue any cryptocurrency licences to operators in the West African country.

Contrary to certain reports in the public space, the Commission only plans to start issuing licences for digital services and tokenised assets August 2024.

绿帽献妻 reports this development follows market regulators鈥� increased scrutiny of cryptocurrency exchanges, and a push to regulate the industry, including a mandate for exchanges to delist the Naira from peer-to-peer trading to prevent currency manipulation.

Dr. Emomotimi Agama, Director-General of SEC Nigeria, stated in a text message (SMS) that 鈥渁pproval is yet to be given to anyone,鈥� TechCabal report said.