Nigeria's SEC will allow digital exchanges to list tokenized coin offerings backed by equity, debt, and property. Crypto-backed tokens will reportedly stay off-limits.
The Nigerian Securities and Exchange Commission will reportedly allow exchanges to list tokens backed by equity, debt, and property.The Securities and Exchange Commission of Nigeria is reportedly looking to allow tokenized coin offerings on licensed digital exchanges in the country, as long as the underlying asset is not a cryptocurrency.
Registration for crypto exchanges will not be facilitated, in line with the order issued by the country’s central bank. During this period, the digital exchanges participating in the regulatory incubation will offer limited services to their customers while the SEC monitors the pattern of their operations and determines if they’re fit to offer the services in the country. Abbas added,
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The “ChatGPT” of AI-quantitative trading: ATPBot crypto trading botThe “ChatGPT” of AI-quantitative trading: ATPBot crypto trading bot sponsored
Read more »
Scams cost crypto investors millions in April 2023: ReportThe $74 million lost to crypto exploits accounted for more than half of the total $145 million lost since the beginning of 2023. The funds lost to flash loan attacks reduced by a whopping 90% as compared to March.
Read more »
![As Bitcoin [BTC] emerges victorious amidst banking crisis, will it reclaim $30k](https://i.headtopics.com/images/2023/4/29/cryptoamb/as-bitcoin-btc-emerges-victorious-amidst-banking-c-as-bitcoin-btc-emerges-victorious-amidst-banking-c-1652365881861701635.webp?w=640)
As Bitcoin [BTC] emerges victorious amidst banking crisis, will it reclaim $30kThe spate of banking collapses in March led investors to put their funds in the crypto market and see BTC as a hedge against traditional finance.
Read more »
Jack’s Back! Nicholson Greets Larry David, LeBron James As He Attends First Lakers Game Since 2021Tabloid reports of Jack Nicholson's 'sad last days' received a smackdown on Friday night when the legendary Oscar winner returned to his court-side seat in L.A.'s Crypto.com Stadium to watch his beloved Los Angeles Lakers take on the Memphis Grizzlies. Nicholson, a fixture at Lakers games for decades, has been absent in recent years, with…
Read more »
Road Warriors: Home-ice advantage doesn't mean much in NHL playoffsNHL teams scrap and claw throughout a gruelling 82-game schedule.
Read more »