♠️Nigerian SEC releases big move! Crypto exchanges and individuals beware!
♥️Latest developments:
• SEC announces that it will take action against non-compliant individuals and exchanges
• SEC Director-General Emomotimi Agama personally announced, emphasizing investor protection
• Busha and Quidax exchanges were approved to operate in the regulatory sandbox two weeks ago
♣️SEC warning:
• Many unapproved crypto platforms are still in operation
• Those who do not comply with regulatory requirements will face enforcement action
♦️Thinking questions:
1. What impact will this action have on the Nigerian crypto market?
2. Will other African countries follow up with similar regulatory measures?
3. How should crypto companies find a balance between compliance and innovation?
Brothers, Nigeria's operation is ruthless enough! Those who comply with the regulations are on board, and those who do not comply are ready to run away? Do you think this will be a new starting point for crypto regulation in Africa? See the answer in the comment section!