• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Economy Finance

SEC to launch ‘crypto smart, Nigeria strong’ initiative, targets stablecoin regulation, investor education

Peculiar Adirika by Peculiar Adirika
June 17, 2025
in Finance
0
SEC
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0

Nigeria’s SEC is launching ‘Crypto Smart, Nigeria Strong’ to co-create stablecoin regulations and boost digital literacy, aiming to attract credible crypto players and protect investors

[dropcap]N[/dropcap]igeria Cryptocurrency Regulation is set for a significant evolution as the Securities and Exchange Commission (SEC) in Nigeria prepares to launch its new initiative, ‘Crypto Smart, Nigeria Strong.’

Also read: LAPO Microfinance Bank hosts roundtable on cybersecurity in digital finance, pledges enhanced data protection

This program is designed to engage developers in co-creating a robust framework for stablecoin regulations, signaling the commission’s commitment to fostering a responsible and thriving digital assets ecosystem.

The Director-General of SEC, Emomotimi Agama, disclosed this development in Lagos on Monday.

The initiative is a key part of the commission’s broader efforts to attract credible players, enhance investor education, and improve digital literacy within the burgeoning digital assets space.

“SEC is launching a Crypto Smart, Nigeria Strong initiative, targeting young investors across schools, universities, and social media, teaching,” the DG stated.

The ‘Crypto Smart, Nigeria Strong’ initiative will primarily focus on educating young investors across various platforms – schools, universities, and social media.

The curriculum will cover essential blockchain principles, strategies to identify and avoid scams, and the fundamental value of long-term investing.

By doing so, the SEC aims to promote responsible innovation while diligently protecting investors within the digital assets ecosystem.

Agama emphasized that “The future of Nigeria’s digital assets ecosystem depends on three pillars: Collaboration, Innovation, and Trust. The road we see ahead is regulatory evolution through an expanded licensing regime. We are enhancing our licensing architecture to make it more efficient, more transparent and more risk-based.”

SEC is launching a Crypto Smart, Nigeria Strong initiative, targeting young investors across schools, universities, and social media, teaching.

The SEC is actively working to refine its licensing framework, aiming for greater efficiency, transparency, and risk-based approaches.

This includes the introduction of tiered Virtual Asset Service Provider (VASP) licenses and the integration of automated compliance monitoring systems.

The goal is to streamline application timelines, attract reputable operators, and effectively shut out malicious actors from the market.

“Our goal is to attract credible operators while shutting out bad actors by streamlining application timelines, introducing tiered VASP licenses, and incorporating automated compliance monitoring,” Agama stated.

A key component of this regulatory push is the active exploration of a framework for Naira-pegged stablecoins.

These stablecoins are envisioned to be fully backed by verifiable reserves, subjected to regular independent audits by custodians, and utilized for practical applications such as cross-border trade, payments, and programmable finance.

Agama highlighted that “Having a framework will allow digital asset innovation to serve real-world economic activity, not just speculation.”

Nigeria’s digital assets industry has experienced remarkable growth, with over 65% of cryptocurrency users being under the age of 35.

This demographic, often financially excluded or underserved by traditional banking institutions, views digital assets as a crucial avenue for saving, investing, transacting, and wealth creation on their own terms.

Looking ahead, the SEC is also reviewing pathways for digital asset exchange-traded funds (ETFs), considering custodial wallets for pension funds, and exploring options for licensed asset managers to offer tokenized securities to institutional investors.

Also read: Afreximbank commits $1 billion to transform Africa’s film, creative sector

With Nigeria’s pension fund assets currently capped at N16 trillion, these prospective moves are expected to unlock significant long-term capital and inject greater credibility and stability into the burgeoning digital asset sector.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Peculiar Adirika
Peculiar Adirika

Discover more from Freelanews

Subscribe to get the latest posts sent to your email.

Related Posts

Sanwo-Olu MSME Finance
News

Lagos state governor Sanwo-Olu unveils landmark N10 billion MSME funding initiative with BOI

by Quadri Olaitan
May 8, 2025
FCCPC
Economy

FCCPC consumer complaints report exposes bank failures

by David Okere
September 11, 2025
Afreximbank Q1 performance
Finance

Afreximbank reports strong Q1 2025 growth amidst global challenges

by Peculiar Adirika
May 23, 2025
YouthCred
Economy

YouthCred launch by Credicorp signals financial hope for Nigerian youths

by Peculiar Adirika
August 27, 2025
Afreximbank Fitch Rebuttal
Finance

Afreximbank slams Fitch downgrade, citing erroneous view on treaty obligations

by Peculiar Adirika
June 11, 2025

Discussion about this post

ADVERTISEMENT

Recent News

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
Taylor Swift deepfake scandal

Taylor Swift faces deepfake scandal as Swifties call for stricter regulation

January 25, 2024
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

0
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

0
Meran Primary Health Centre

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

0
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

0
Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025
October 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Follow Us

  • Facebook
  • TikTok
  • YouTube
  • Instagram

Editor’s Pick

  • OGD vs DA
    OGD vs DA: The real story never told
    • August 22, 2025
  • Toyota Sienna harassment
    Why is Lagos State govt harassing Toyota Sienna users?
    • August 19, 2025
  • Otunba Gbenga Daniel
    Who really is Otunba Gbenga Daniel?
    • August 18, 2025

Hot!

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Total
0
Share
0
0
0
0
0
0
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from Freelanews

Subscribe now to keep reading and get access to the full archive.

Continue reading