Nigeria’s SEC to Licence Crypto Exchanges as Adoption Surges

Nigeria’s top finance regulator plans to license providers of virtual assets including cryptocurrencies to tap opportunities and protect investors as adoption rates surge in the West African nation.

The Abuja-based Securities and Exchange Commission is looking to issue its first licenses for digital service and tokenized assets this month, Director-General Emomotimi Agama said.

“Being a crypto enthusiast and fintech enthusiast, I can tell you without doubt that this is going to happen sooner than you think,” Agama said in an interview on Bloomberg Television. “We must support the youths of this country to be able to achieve the benefit that ...