After the CBN ban, SEC Nigeria Puts Plan To regulate Crypto on Hold

[Zed0X]

For the purpose of admittance into the SEC regulatory incubation framework, the assessment of all persons and products affected by the CBN circular of Feb. 5, 2021, is hereby put on hold until such persons are able to operate bank accounts within the Nigerian banking system,

Whoever is heading the department/agency is a turtle or much worse. Instead of trying to regulate cryptocurrencies, they can just imposed regulation on exchanges and other custodial services. They can never regulate BTC and many developed countries have realized that already.