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CRYPTOCURRENCY REGULATION
The Securities and Exchange Commission (SEC) has assured fintech and digital asset operators that it does not intend to stifle their operations, saying it is focused on creating clear regulatory pathways while ensuring market stability.
Absa Group Ltd. has become the first bank in Africa to offer institutional digital-asset custody services as it moves to tap South Africa’s crypto market, where assets held by the three largest licensed service providers were valued at about $1.5 billion at the end of 2024.
Nigerians are still outraged by President Tinubu's administration's clampdown on P2P trading in the cryptocurrency industry
On Thursday, Senator Warren attacked the U.S SEC for the lack of crypto regulatory oversight.
As with cash transactions, businesses that receive crypto assets with a fair market value of more than $10,000 would also be reported on in the USA.