What Does Nigeria’s Proposed Crypto Regulation Mean for Crypto in Africa?

The Securities and Exchange Commission of Nigeria (SEC) has announced that it will commence the regulation of trade in cryptocurrency assets to protect investors and ensure market integrity and transparency.

Hopefully more adoption by way of regulation. Nigeria, like the article mentions, has an actual need for some of the benefits of cryptocurrencies, as opposed to just speculation for investment purposes. The banking system is nowhere near what we in the Western and more developed countries are used to. And there are so many unbanked needing tradition banking services that we take for granted, like money transfers and just payments.