The post Nigeria’s SEC urged to regulate Bitcoin, Ether as commodities appeared on BitcoinEthereumNews.com.

By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of the digital assets. After a recent court ruling in the United States state of Illinois that classified Bitcoin and Ether as commodities, crypto industry stakeholders in Nigeria are urging the country’s Securities and Exchange Commission (SEC) to adopt a similar approach in its regulatory framework.  The call for clarity and proper classification comes as cryptocurrencies play an increasingly significant role in the global financial landscape. Lucky Uwakwe, chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), spoke to Cointelegraph about the importance of clearly defining crypto assets. According to Uwakwe, this approach would provide creators with clear guidelines on where to seek regulation. Read more Source: https://cointelegraph.com/news/nigerian-sec-urged-to-classify-bitcoin-ether-as-commodities?utm_source=rss_feed&utm_medium=feed%3Ft%3D1720988231&utm_campaign=rss_partner_inbound

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Filed under: News - @ July 14, 2024 8:18 pm