• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 29, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

SEC to Tackle Crypto Fraud

by Adetunji Tobi
October 8, 2024
in Finance
0
SEC
Dr. Emomotimi, SEC DG

Dr. Emomotimi, SEC DG

UBA
Advertisements

The Securities and Exchange Commission (SEC)  has vowed to combat fraud, money laundering, and market manipulation in the country’s rapidly evolving cryptocurrency sector.

Emomotimi Agama, the Director General of the SEC, made the pledge during the opening of the International Organization of Securities Commissions World Investor Week in Lagos on Monday.

He noted, “As the aforementioned framework continues to evolve, enforcement action against illegal crypto platforms will significantly increase in severity.

“As financial products become more complex and technology-driven, from fintech innovations to cryptocurrency trading, it is critical and responsible for stakeholders to commit to equipping investors with the knowledge to navigate these markets confidently and responsibly.”

To address the unique challenges posed by the crypto landscape, he disclosed that the SEC had developed and released comprehensive frameworks aimed at regulating Virtual Asset Service Providers.

Agama emphasized that those frameworks were designed to maintain market integrity while encouraging innovation.

He noted, “Through this approach, we have created a Regulatory Incubation Programme within which new technologies and digital assets can be tested and approved for public use.”

Babajide Sanwo-Olu, the Governor of Lagos State, backed the SEC’s efforts, emphasizing that Lagos stood at the intersection of innovation, technology, and finance.

“The emergence of digital assets and the increasing role of technology in finance present both unprecedented opportunities and challenges. We must engage thoughtfully and strategically with these developments,” he stated.

He underscored the need for comprehensive regulation, stating, “While the potential of cryptocurrencies to democratize finance is significant, we must also be mindful of the risks they introduce, particularly in areas of regulation, security, and investor protection.”

Sanwo-Olu reinforced the importance of sustainable finance, noting, “As we seek to address global challenges such as climate change and economic instability, it is clear that finance must be a force for good. Investments in responsible businesses are sound strategies for long-term value creation.”

 

Loading

Advertisements
MTN ADS

Author

  • Adetunji Tobi
    Adetunji Tobi

    Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

    View all posts
0Shares
Tags: SEC
Adetunji Tobi

Adetunji Tobi

Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

Next Post
MoneyGram Confirms Data Breach Exposing Customer Information in Cyberattack

MoneyGram Confirms Data Breach Exposing Customer Information in Cyberattack

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Three Critical Partners for Your Business Success in 2024 -

The Three Critical Partners for Your Business Success in 2024 (Part 2)

1 year ago
Sylndr Raises $15.7 Million to Reinvent Egypt’s Used Car Market

Sylndr Raises $15.7 Million to Reinvent Egypt’s Used Car Market

1 month ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.