The Securities and Exchange Commission (SEC) is set to launch the ‘Crypto Smart, Nigeria Strong’ initiative to drive a new framework for stablecoin regulations.
This move is part of the commission’s efforts to attract credible players, enhance investor education, and improve digital literacy in the digital assets space.
Director-General of SEC, Emomotimi Agama said “SEC is launching a Crypto Smart, Nigeria Strong initiative, targeting young investors across schools, universities, and social media, teaching.”
The ‘Crypto Smart, Nigeria Strong’ initiative will focus on teaching young investors across schools, universities, and social media platforms about basic blockchain principles, how to spot scams, and the value of long-term investing.
- Advertisement -
“It aims to cover basic blockchain principles, how to spot scams, and the value of long-term investing.”
By doing so, the SEC aims to promote responsible innovation and protect investors in the digital assets ecosystem.
“The future of Nigeria’s digital assets ecosystem depends on three pillars: Collaboration, Innovation, and Trust. The road we see ahead is regulatory evolution through an expanded licensing regime. We are enhancing our licensing architecture to make it more efficient, more transparent and more risk-based,” Agama said.
The SEC is working to enhance its licensing architecture, making it more efficient, transparent, and risk-based.
Virtual Asset Service Provider (VASP) licenses and incorporating automated compliance monitoring to attract credible operators while shutting out bad actors.
