Nigerian SEC Partners With Police To Tackle Crypto Ponzi Schemes - Details | Bitcoinist.com

The Nigerian Securities and Exchange Commission (SEC) has partnered with the Nigeria Police Force (NPF) to tackle crypto Ponzi schemes and other illegal operations. The SEC is focusing on investor protection and transparent market operations in the crypto ecosystem. They are forming a specialized SEC-NPF team to curb investment frauds and protect the Nigerian cyberspace. The SEC has also introduced minimum capital requirements for virtual asset service providers (VASPs) and published a list of identified fraudulent crypto and financial investment businesses.