Nigeria’s SEC Warms Up To Digital Exchanges, Leaves Cryptos Out In The Cold

The Nigerian Securities and Exchange Commission (SEC) is currently reviewing applications for digital exchanges on a trial basis, in an effort to expand market participation in Africa’s most populous country, where the central bank has imposed restrictions on cryptocurrency trading. Bloomberg quoted Abdulkadir Abbas, head of securities and investment services at the SEC, as saying that the commission is exploring the possibility of allowing tokenized coin offerings on licensed digital exchanges that are supported by assets such as equity, debt, and property, but not cryptocurrencies.