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Nigeria's Securities and Exchange Commission denies issuing temporary cryptocurrency licenses
According to Jinse Finance, Emomotimi Agama, Director-General of the Nigerian Securities and Exchange Commission (SEC), informed Techcabal via text message that contrary to some reports, it has not issued any cryptocurrency licenses yet. The SEC plans to start issuing licenses for digital services and tokenization assets in August 2024. This move comes after increased scrutiny of cryptocurrency exchanges and efforts to regulate the industry, including requiring exchanges to remove the Naira from peer-to-peer transactions to prevent currency manipulation. 'No one has been granted approval yet.