Is cryptocurrency trading legal in Nigeria?

3 answers

• James CofferDec 20, 2023 · 2 years ago
  Cryptocurrency trading in Nigeria is legal and regulated by the Securities and Exchange Commission (SEC). The SEC recognizes cryptocurrencies as securities and has issued guidelines for their trading and investment. However, it is important to comply with the regulations and ensure that you are trading on licensed platforms.
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• dasan rajaNov 16, 2021 · 4 years ago
  Yes, cryptocurrency trading is legal in Nigeria. The Central Bank of Nigeria (CBN) has not banned cryptocurrency trading, but it has issued warnings about the risks associated with it. It is advisable to trade on reputable exchanges and exercise caution while investing in cryptocurrencies.
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• Dundup DorjeeAug 08, 2023 · 2 years ago
  According to BYDFi, a leading cryptocurrency exchange, cryptocurrency trading is legal in Nigeria. However, it is important to note that the regulatory landscape is constantly evolving, and traders should stay updated with the latest guidelines and comply with the regulations to ensure a safe and secure trading experience.
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