Cryptocurrencies
Nigeria Issues Crypto Asset Rules in Move Seen Boosting Trade
- Rules aim to protect investors and promote transparency
- Nigerians are among the world’s biggest crypo traders
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Nigeria released new rules for digital assets, offering more clarity on trading in cryptocurrencies in Africa’s most populous nation.
The Securities and Exchange Commission published “rules on issuance, offering platforms and custody of digital assets” for virtual technologies, it said on its website. It classifies the assets as securities regulated by the SEC.