SEC Issues New Guidelines on Digital Assets Mandates crypto exchanges to get commission's permit IMF seeks new payment system to accommodate digital currencies Ndubuisi Francis in Abuja The apex regulator of Nigeria's capital market, the Securities and Exchange Commission (SEC), has issued fresh guidelines on the issuance and custody of digital
assets in the country, a move that could bolster the adoption of cryptos in the country. This is coming as the International Monetary Fund (IMF) has called for the development of a new public infrastructure to
connect various payment systems, including digital currencies. SEC’s latest guidelines: "New Rules on Issuance, Offering Platforms and Custody of Digital Assets," released weekend, are coming after the commission
had declared on September 14, 2020, that it would be taking a three-pronged approach to regulating innovation in the crypto sector, including safety, market deepening and providing solutions to problems.
According to the commission, a digital asset is "a digital token that represents assets such as a debt or equity claim on the issuer." Divided into five parts, Part A of the new guidelines dwells on Rules on Issuance of Digital Assets
NBS: Nigeria’s GDP Rose 3.98% in Q4 2021…
as Securities; Part B is on Rules on Registration Requirements for Digital Assets Offering Platforms (DAOPs), while Part C is on Rules on Registration Requirements for Continued on page 6
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APC Screens Presidential Aspirants May 23 Adedayo Akinwale in Abuja
L-R: Edo State Governor, Mr. Godwin Obaseki; Groom/President of the Nigerian Bar Association, Mr. Olumide Akpata; his bride, Osayamon; and Vice President Yemi Osinbajo, during the traditional marriage in Benin City, Edo State...yesterday ABIODUN AJALA
The All Progressives Congress (APC) has scheduled the screening of its 25 presidential aspirants for May 23, 2022, just as the ruling party has raked Continued on page 8
To Avert Major Religious Riots, Tambuwal Declares Curfew as Protests Rock Sokoto
CAN calls for nationwide protests May 22 Kukah suspends Catholic masses, says residence not attacked El-Rufai bans religious protest in Kaduna Tears as Deborah is laid to rest in Niger Ejiofor Alike in Lagos, Chuks Okocha in Abuja, Seriki Adinoyi in Jos, John Shiklam in Kaduna and Onuminya Innocent in Sokoto In a move to avert major religious riots over the killing of a 200-level student of Shehu Shagari College of Education, Sokoto, Miss Deborah Samuel, Governor Aminu Waziri Tambuwal, yesterday, declared a 24-hour curfew in Sokoto metropolis. Deborah was killed last
Thursday by some fanatical students of the school over an allegation of blasphemy against Prophet Muhammad (SAW) in a WhatsApp post. The curfew came as the Bishop of the Catholic Diocese of Sokoto, Matthew Hassan-Kukah, has also suspended all masses in the Sokoto metropolis, but clarified that his residence was not attacked. Meanwhile, the remains of Continued on page 5
CONDOLENCE VISIT… L-R: Wife of Kwara State Governor, Dr. Olufolake AbdulRazaq; Governor AbdulRahman AbdulRazaq; and Ambassador of United Arab Emirates to Nigeria, Mr. Fahad Al-Taffaq, when the governor paid a condolence visit to the envoy on the passing of the President of UAE, Sheikh Khalifa Bin Zahedan Al-Nahyan, in Abuja… yesterday
Malami, Ngige Deny Tendering Resignation Letters as Ministers…
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