Nigeria regulators recognize digital assets in stunning new statement

Cointelegraph

Published Sep 14, 2020 07:02PM ET

Updated Sep 14, 2020 09:20PM ET

The Securities and Exchange Commission of Nigeria has officially defined digital assets under its regulatory umbrella.

In a Sept. 14 statement, the Nigerian Securities and Exchange Commission, or SEC, defined tokens and coins in the country’s financial markets. The commission stated that these digital assets, which provide “alternative investment opportunities”, would be classified into four different categories for regulatory oversight.

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