Nigeria Senate Passes Crypto Regulation Bill Through Second Reading on June 9, Sends to Committee for 4-Week Review

According to Bitcoin.com News, Nigeria's Senate on June 9 passed a cryptocurrency regulation bill through second reading, advancing Africa's largest economy toward its first comprehensive legal framework for digital assets. The proposed legislation introduces mandatory licensing for crypto exchanges and investor-protection rules to curb money laundering and terrorism financing. The bill now moves to the Senate Committee on Capital Market, which has four weeks to conduct a public hearing and return with recommendations before the next legislative phase.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments