Nigeria released new rules for digital assets, offering more clarity on trading in cryptocurrencies in Africa’s most populous nation. The Securities and Exchange Commission published “rules on issuance, offering platforms and custody of digital assets” for virtual technologies, it said on its website. It classifies the assets as securities regulated by the SEC.
The rules may help boost trading by giving more clarity on the sector in a country that already ranks as among the biggest markets for digital assets. Nigeria accounts for the largest volume of cryptocurrency transactions outside the U.S., according to Paxful, a Bitcoin marketplace…
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