Tag: crypto

Nigeria officially accepts crypto, grants operators approvals

Bode DoluLeave a Comment on Nigeria officially accepts crypto, grants operators approvals

Nigeria, through the Securities and Exchange Commission (SEC), has officially granted operational approvals to several crypto operators, indicating an acceptance of the digital currency. On Thursday, the SEC announced that it had granted approval-in-principle to two Digital Asset Exchanges to begin operations under its Accelerated Regulatory Incubation Program (ARIP). Five firms were also admitted to […]

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Be ready to lose all your money in crypto ―EU warns

Bode DoluLeave a Comment on Be ready to lose all your money in crypto ―EU warns

European Union (EU) has warned that consumers risk losing all their money invested in cryptoassets and could fall prey to scams. Releasing a joint statement on Thursday, March 17, European Union’s securities, banking and insurance watchdogs revealed that crypto consumers have no protections or recourse to compensation under existing EU financial services law. It marks […]

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