US EditionSEC, CBN, EFCC Join Forces to Track and Freeze Illicit Digital Wallets - TV360 Nigeria
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SEC, CBN, EFCC Join Forces to Track and Freeze Illicit Digital Wallets - TV360 Nigeria
New collaboration targets crypto scams, money laundering, and unlicensed digital finance operators… In a decisive move to tighten oversight of Nigeria’s expanding digital finance sector, the Securities and Exchange Commission (SEC) has announced a strategic partnership with the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to track and freeze illicit digital wallets linked to money laundering, crypto scams…
Nigeria Proposes NFRC To Unify Fintech Regulation And Licensing Nationwide
TL;DR, Nigeria is creating a single fintech regulation authority (NFRC) to streamline oversight of its $59 billion digital asset market, replacing multiple regulators. The proposed NFRC bill aims to replace fragmented oversight from the CBN, SEC, and others with a single gateway for licensing and enforcement, speeding up approvals and reducing legal costs. For startups, the new fintech regulation means clearer rules but stricter compliance,…
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