logo |

News

    Home   >     Industry    >     Main body

    WikiFX Express
    Previous Post： 1 Minute to Know IFX Brokers Before Trading Next： Talibans first annual Afghan budget foresees $501 million deficit

    Nigerias markets regulator publishes rules on crypto assets

    WikiFX   |   1652504868000
    Abstract：LAGOS (Reuters) – Nigeria‘s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use.

    　　div classBodysc17zpet90 cdBBJodivpLAGOS Reuters – Nigeria‘s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use.

    　　Nigerias central bank last year banned banks and financial institutions from dealing in or facilitating transactions in digital currencies. pdivdivdiv classBodysc17zpet90 cdBBJodiv

    　　But the countrys young, techsavvy population has eagerly adopted cryptocurrencies, for example using peertopeer trading offered by crypto exchanges to avoid the financial sector ban.

    　　Nigerias Securities and Exchange Commission SEC published the “New Rules on Issuance, Offering Platforms and Custody of Digital Assets” on its website.

    　　The 54page document lays out registration requirements for digital assets offerings and custodians, and classifies the assets as securities regulated by the SEC.

    　　A central bank spokesperson did not answer calls to his mobile phone.

    　　The SEC said no digital assets exchange would be allowed to facilitate trading of assets unless it had received a “no objection” ruling from the commission.

    　　A digital assets exchange will be required to pay 30 million naira 72,289 as a registration fee, among other fees.

    　　In October, Nigeria launched a digital currency, the eNaira, in the hope of expanding access to banking. Official digital currencies, unlike cryptocurrencies such as bitcoin, are backed and controlled by the central bank.

    　　Reporting by MacDonald Dzirutwe in Lagos and Camillus Eboh in Abuja Editing by Mark Potter

    　　divdivdiv classBodysc17zpet90 cdBBJodivdivdiv

    Latest News

    Rate Calc

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  ：
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar

    You may also like

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.