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
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…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
other regulatory body