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Nigeria’s SEC to issue first VASP license this month: report
SEC Chair Emomotimi Agama says that he is committed to “supporting the youth” by regulating a digital asset space whose volume hit $57 billion last year.
SEC Chair Emomotimi Agama says that he is committed to “supporting the youth” by regulating a digital asset space whose volume hit $57 billion last year.
Industry leaders, startup founders and the country’s Minister of Finance have joined calls for the country’s securities regulator to issue a clear policy framework for the sector.
Nigeria’s SEC has given VASPs 30 days to register, and among the requirements is for the CEO or managing director to be resident in the West African country.
Lawmakers who screened the newly appointed Securities and Exchange Commission head called on the agency to regulate the sector better to prevent capital from leaking out of Nigeria.