The Securities and Exchange Commission says there is a need to delist the Naira from cryptocurrency peer-to-peer platforms. The acting director-general of SEC, Dr Emomotimi Agama, said this at a virtual meeting with blockchain stakeholders on Monday in Abuja. Agama said the recent concerns regarding crypto P2P traders and their impact on the…
Agama said the recent concerns regarding crypto P2P traders and their impact on the exchange rate of the Naira had underscored the need for collective action and dialogue within the financial market ecosystem.Agama, however, urged participants in the crypto space to name and shame those involved in disrupting the market negatively.
”SEC as your regulator is desirous to work with you by providing a level of assurance that is needed by all that are operating within the rules of the market,” he said. He called on SEC to set up a working group to tackle various challenges facing the crypto space to move the market forward.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
A Federal High Court in Abuja on Monday adjourned an amended money-laundering charge instituted against Ali Bello and his co-defendant, Daudu Sulaiman, by the Economic and Financial Crimes Commission until June 19.
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