With the recently enacted ISA 2025, cryptocurrency in Nigeria has moved from uncertainty into a clearly regulated space, now supervised by the Securities and Exchange Commission (SEC).
From exchanges to custodians, there’s finally a legal and structured framework guiding operations within the digital asset ecosystem. However, the bigger question remains will Nigerian banks and brokers embrace this opportunity early, or will they hesitate until global players dominate the space?
As the crypto industry begins to take shape under this new legal backing, many are watching to see how banks, brokers, and investors respond. The SEC’s oversight is expected to boost investor confidence and offer stronger protections, yet risks still exist from market volatility to regulatory compliance issues. Whether crypto can play a meaningful role in addressing Nigeria’s economic woes will depend not just on regulation but also on how effectively local financial institutions adapt and leverage the opportunities within this evolving market.
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