Nigerian SEC Director: Cautious and open-minded attitude towards Bitcoin regulation, willing to actively explore relevant frameworks

Odaily Planet Daily News: Momotomi Agama, Director of the Nigerian Securities and Exchange Commission (SEC), stated that the agency maintains a cautious and open attitude towards Bitcoin regulation and is willing to actively explore relevant frameworks. This openness aims to integrate cryptocurrencies into Nigeria's financial system. Agama emphasized that the SEC still primarily focuses on investor protection and maintaining market integrity, and any regulatory measures will be aligned with these goals. This regulatory agency is committed to helping people better understand cryptocurrency trading, digital asset trading, and everything related to them, and guiding them on how to trade digital assets correctly. It also stated that the SEC will take strict measures against companies or individuals who do not comply with regulations. （BeInCrypto） Yesterday, Nigerian Bitcoin supporter James Utudor filed a lawsuit against the government's restrictions on the ownership, use, and trading of digital assets, demanding the lifting of the blockade on cryptocurrency exchanges to ensure that Nigerians have unrestricted access. Utudor stated that this move aims to protect the basic rights of Nigerians, as cryptocurrency is an important tool for combating inflation and conducting international transactions. The lawsuit also requires the court to confirm the rights of Bitcoin and USDT holders, and to recognize Bitcoin as a commodity. The Central Bank of Nigeria, Securities and Exchange Commission and other institutions have also been listed as defendants.