The crackdown follows the approval of two local exchanges and the inclusion of four firms in a regulatory program
Nigeria's SEC is preparing to take enforcement action against unregulated crypto exchanges. This move aims to protect investors and maintain market stability.
The award highlights the CFTC’s commitment to rooting out fraud in the digital asset space.
The firm had been charged with operating without the proper authorizations in place
The CFTC Chairman, Rostin Behnam, said that because of the present crypto asset appreciation cycle, more SEC actions could be expected