The Securities and Exchange Commission says Nigeria is a key player in the cryptocurrency market, especially in peer-to-peer transactions.
“Crypto assets must be subject to clear regulatory oversight that ensures market integrity without stifling growth. Agama said while Nigeria celebrates the growth of its market, stakeholders must also recognise the evolving risks that come with global market interconnectedness.He said Nigeria is not insulated from economic volatility, cybersecurity threats, and financial crimes like fraud and market manipulation.Agama said investor education is fundamental to building a healthy market and the development of market confidence.
Agama said the focus for 2024 is apt and extremely timeous as it covers technology and digital finance, crypto assets and sustainable finance.He said the three critical sectors will significantly influence the future of global capital markets, adding that while the potential rewards are immense, the associated risks are equally enormous.