Nigeria’s SEC says crypto licences not issued yet, to begin in August
- Nigeria's SEC denies issuing crypto licenses
- SEC to issue licenses for digital service and tokenized assets in August
- SEC previously advocated for delisting naira from P2P trading
The SEC's denial of issuing crypto licenses and their previous stance on P2P trading indicate a lack of clarity and consistency in their regulatory approach. This may create uncertainty and hinder the growth of the crypto industry in Nigeria. It is important for the SEC to provide clear guidelines and regulations to foster a healthy and transparent crypto ecosystem.
