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15th Feb 2021

The SEC Press Release on Cryptocurrencies

The Securities and Exchange Commission (“SEC”) has through a Press Release dated 11 February 2021, clarified its earlier statement on the Classification of Cryptocurrencies in line with the Central Bank of Nigeria’s (“CBN”) ban on trading in these digital assets.

CBN had through a circular dated February 5, 2021 prohibited dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges.

Click on the link for more:

SEC’s Press Release