Nigerian regulator pledges to fight cryptocurrency fraud

On October 10, Nigeria's Securities and Exchange Commission (SEC) vowed to crack down on fraud, money laundering, and market manipulation in the crypto industry.Emomotimi Agama, Director General of the SEC, emphasized the importance of investor education. Lagos State Governor Babajide Sanwo-Olu expressed support for the regulation of the crypto industry. Nigeria's securities regulator has vowed to crack down on fraud, money laundering and market manipulation in the crypto industry.Emomotimi Agama, Director General of the SEC, has also pledged to rigorously enforce regulations against illegal crypto platforms.