Tag: Crypto-currency

SEC warns investors against crypto platform, Marino FX Ltd.

Aminu Imam
SEC warns investors

…Says it’s not licensed The Securities and Exchange Commission (SEC), has warned investors and the general public against engaging with Marino FX Ltd., which is fraudulently claiming to be an SEC-licensed crypto-currency exchange. In a statement released on Wednesday, on the Commission website, the regulator clarified that Marino FX Ltd is neither registered nor licensed by the SEC to operate in the Nigerian capital market in any capacity, including crypto-currency exchange services. According to the Commission, “Any claim to the public by the company of its registration or license by…

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Crypto-currency: Osinbajo calls for robust regulation, not prohibition

Aminu Imam

Vice-President Yemi Osinbajo Friday called for the regulation of crypto-currencies in the country, as against the prohibition of digital currencies. Osinbajo, who stated this at the ‘Bankers Committee Vanguard in Lagos’, said, “There is a role for regulation here; and it is in the place of both our monetary authorities and SEC to provide a robust regulatory regime that addresses these serious concerns without killing the goose that might lay the golden eggs So it should be thoughtful and knowledge-based regulation, not prohibition,” he added. The VP was reacting to…

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