The Director-General of the SEC urges the cryptocurrency community to identify those responsible for manipulating the Naira and shame them

 

A gama conveyed this request during a current gathering arranged by the Blockchain Industry Coordinating Committee of Nigeria to engage with key industry participants on Monday.

The Director General emphasized that certain unscrupulous individuals within the industry were tampering with the national currency, a practice that the government strongly disapproved of.

He said, “We ask with all sense of sincerity that those involved in sharp practices cease and desist. We encourage you to reach out to us by naming and shaming those involved.

“This nation has a future and this future is dependent on this community. For us at the SEC, our interest is to provide an enabling environment for fintech to thrive and by so doing, we expect the fintech community would reciprocate by doing the right thing,”

“Patriotism can never be wished away. Whatever we do that would bring dishonour to our country, we must try to avoid it. What is very critical and which has brought about this meeting is the concerns regarding crypto P2P traders and their effect on the naira.”