Amid escape of Binance executive, Cardoso says it’s SEC’s responsibility to regulate crypto transactions

Amid the escape of Binance Holding Limited Africa Regional Manager, Nadeem Anjarwalla from the custody of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN) has disclosed that it is the role of the Securities and Exchange Commission (SEC) to regulate cryptocurrency transactions in the country, and not the responsibility of the apex bank.

However, the apex bank disclosed that collaboration with SEC, the Economic and Financial Crimes Commission (EFCC) and the Office of the National Security Adviser has been yielding positive outcomes in the last one month.

CBN Governor Olayemi Cardoso stated this during the apex bank’s 294th meeting of the Monetary Policy Committee (MPC) on Tuesday in Abuja.