Nigerian Minister Urges SEC to Strengthen Crypto Regulations

Jul 10, 2024

Nigerian Minister Urges SEC to Strengthen Crypto Regulations
Nigerian Minister Urges SEC to Strengthen Crypto Regulations
Nigerian Minister Urges SEC to Strengthen Crypto Regulations

Nigerian Minister of Finance Wale Edun has urged the newly inaugurated SEC board to address cryptocurrency regulation challenges to maintain market integrity. Edun emphasised the need for stringent oversight and top-notch corporate governance to prevent companies from exploiting minimal registration requirements. He also encouraged innovative regulatory strategies amid rapid developments in fintech, AI, and digital currencies. SEC Chairman Mairiga Katuka assured that the board would leverage expertise and innovation to foster economic growth and resilience, highlighting recent reforms aimed at enhancing the regulatory environment for digital assets.