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Nigeria: Nigeria SEC Warning Against Investing With Binance

Progress

Current status
adopted
28 Jul 2023 adopted

Scope

Implementers
Nigeria
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

28 Jul 2023
adopted

Issued Nigerian SEC warning against Investing with Binance

On 28 July 2023, the Nigerian Securities and Exchange Commission (SEC) published a warning to the public against investing with the crypto platform Binance. The SEC noted that Binance is neither registered with nor regulated through the SEC and Bina…

Source
Event type order
Action type adoption
Government branch executive
Government body other regulatory body

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