According to Bloomberg, the SEC is not regulating exchanges that lists cryptocurrencies like bitcoin, ether and others. The SEC wants to regulate exchanges that lists tokenized coin offerings backed by assets including equity, debt and property.
I just know say "there is no smoke without fire".
In my opinion, the Nigerian Government just wan use this medium start something related to cryptocurrency so that when they ready to legalize cryptocurrency e go they easy and them as them go don use this one to monitor the way the process go be.
The SEC is considering permitting tokenized coin offerings on licensed digital exchanges that are backed by assets including equity, debt, property but “not crypto,” Abdulkadir Abbas, head of securities and investment services at the Abuja-based commission said in an interview in Lagos. “We always like to start, as a regulator, with a very simple clear proposal before we go into the complex ones.”
The SEC is not ready to regulate cryptocurrencies like bitcoin and others because they are waiting for the CBN. Is this not funny? Although, I am surprised that without regulation, there is no world standard known exchange in Nigeria. Most exchanges started in the past with no regulation until regulators are looking into them for possible regulations.
The matter actually de funny, as dem talk say dem they wait for CBN directives to see if dem go legalize am.
Some people no actually no the difference between these Asset-Backed Tokens and Cryptocurrency, therefore the public might misinterpret it and start saying that Nigeria is about to legalize crypto.
