The Security and Exchange Commission (SEC) has identified regulatory uncertainty, security concerns, and financial literacy as serious threats to cryptocurrency use in the country.
The agency’s Director-General Emomotimi Agama, stated this at the 2024 Annual Conference of the Association of Capital Market Academics of Nigeria (ACMAN) on Thursday in Abuja.
He said Nigeria’s cryptocurrency market is currently estimated to worth over $400 million, with a significant portion of the population involved in cryptocurrency trading and transactions.
