Nigeria SEC Freezes Crypto Proposals After CB Ruling

[ife2020]

I think this secs stuff are just confused on what to do because in reality they do not even understand how this crypto currency stuffs works.  Trader and ethustiast meanwhile should be careful and watch they trade their hard earned tokens in the p2p market.

[Alter]

It probably brings impact to the crypto activities on a country only, won't have significant impacts for global. Also, this should be fixed soon because it is just "suspend", the government will open it as soon as possible once the problem clear already. So, don't worry about this case, it won't bing a serious impact on the current bullish trend.

[Jaephoenix]

Those guys are a confused bunch. SEC was on top of crypto regulation, when suddenly the CBN sprang that surprise on us 10 days ago. I'm sure SEC Was as surprised as the rest of us, but they hid blushes frm the Federal Government's by claiming the CBN was the CBN was  acting with coordination with them

[I-Bit]

Don't worry, they just freeze it for a moment. Crypto will be back to normal activities. I smell this is probably a drama only. I don't know who makes this and what they want from this drama. SEC shouldn't have big reasons to do this, but since they have power, they do this all to make crypto users feel afraid.

[Mexite]

I hope the CBN can find a way to bring some form of regulation to the sector rather than the blanket ban or a future outright ban. People are not deterred by the ban as many people are still trading cryptocurrency on a p2p basis.
Every country has their peculiarities, so we should try and be innovative for once.