Nigeria Releases New Rules Classifying Crypto as Securities - BitcoinEthereumNews.com
cryptoNaglabas ang Nigeria ng Bagong Mga Panuntunan na Nag-uuri ng Crypto bilang Mga Securities05 / 15 / 2022Balita ng Ethereum ng Bitcoin In a move that might boost crypto trading in Nigeria, the nations Securities and Exchange Commission (SEC) has rolled out “rules on issuance, offering platforms, and custody of digital assets” for virtual firms, ayon sa kay Bloomberg. The rules offer more clarity on digital assets trading in a nation that already sits among the largest crypto markets globally. As a change of tone, the nations central bank had prevented commercial lenders from undertaking crypto transactions or operations last year. Owen Odia, Lunos Nigeria country manager, noted: “The regulations could act as the precursor for a surprise move from the central bank to reverse its approach, providing critical foundations for mass crypto adoption across the country.” Ayon sa Paxful, a Bitcoin peer-to-peer (P2P) marketplace, Nigeria has the largest crypto transaction volume outside the United States. Moreover, a recent study by crypto exchange KuCoin nagsiwalat that Nigerians were entering the crypto space because of the lack of affordable financial services and high inflation rates, given that 35% of them were engaged in this sector in the last six months. The research suggested that cryptocurrencies were filling the gap