Is Africa Finally Opening Up to Cryptocurrency?

Nigeria’s SEC’s recent ruling on crypto should prove to be a game-changer for Africa.
News in September 2020 that Nigeria’s Securities and Exchange Commission had pushed through landmark rules to treat crypto assets as securities herald the start of a fascinating period for the fintech sector on the continent as a whole.
Token offerings, ICOs and security token issuances will all be treated as investment schemes, it said, while crypto and blockchain companies that want to operate in the country must register with the SEC.