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Emele Onu
Nigeria’s Securities and Exchange Commission does not plan to include cryptocurrencies in a plan to improve trading in digital assets until regulators agree on standards that protect investors.
The commission is avoiding the digital currency as crypto exchanges do not have access to the banking platform that is needed to drive their trades in Nigeria yet, Director-General Lamido Yuguda told reporters in Lagos, the nation’s commercial hub. “We are looking at digital assets that really protect investors,” not necessarily crypto, Yuguda said.
