The general director of the Bag and Securities Commission (SEC), Dr. Emomotimi Agama, has revealed that the Commission is involved with developers to co-create a framework for the regulation of Stablcoins.
Agama, who made this dissemination in an opening speech in the decentralized finance of 2025 (Defi) in Lagos, said the commission is not looking to fight with Defi, but is working to attract credible players.
Also read: Nans Condene the murders in Benue, urgently urged action
He explained that the commission “believes that he defines responsible can prosper in a regulated environment, and the SEC hopes to improve investors education and digital literacy.
“This is the reason why the SEC is launching an” Crypto Smart, Nigeria Strong “initiative, aimed at young investors in schools, universities and social networks, with the aim of covering the basic principles of Blockchain, how to detect scams and the value of long -term investment.
“The future of Nigeria's digital assets ecosystem depends on three pillars: collaboration, innovation and trust.”
Speaking about the future of the sector, he said: “The path we see that we advance is regulatory evolution through an expanded license regime. We are improving our license architecture to make it more efficient, more transparent and more risk -based.
“Our goal is to attract credible operators while excluding bad actors by rationalizing application deadlines, the introduction of stepped vasp licenses and incorporating automated compliance monitoring.
“We are actively exploring a framework for the stable of Naira, these will be backed by verifiable reserves, regularly audited by independent custodians and used for cross -border trade, programmable payments and finances.
“Having a frame will allow digital assets innovation to serve the economic activity of the real world, not only to speculation.”
The DG DG stated that the Nigerian digital asset industry has experienced a significant boom, emphasizing that more than 65% of cryptocurrency users in Nigeria are less than 35 years old.
“These are digital natives, many of which are financially excluded or neglected by traditional banking. For them, digital assets represent not only speculation but empowerment, a means to save, invest, make transactions and create wealth in their terms,” ​​he said.
The SEC, he said, “is also reviewing the roads for digital asset ETFs (negotiated funds in the stock market), custody wallets for pension funds (with the assets of the Nigeria pension fund limited to ₦ 16 billion billion) and licensed assets administrators that offer tokensized values ​​to institutional investors. This will be long -term capital and will generate credibility and stability to the” “”.