The Nigerian Securities and Exchange Commission (SEC) and the Kenya School of Government are collaborating to provide specialized training on cryptocurrencies and digital assets. This course is specifically tailored for regulators and policymakers.
According to a report from a technology-focused website in Nigeria, the goal of this joint effort is to increase the expertise of individuals responsible for overseeing the digital asset space. The program will cater to:
- Regulatory authorities and law enforcement personnel
- Financial industry leaders
- Government officials involved in policy creation
- Legal and compliance experts
- Innovative thinkers in the tech sector
- Key figures shaping the digital asset ecosystem
The training initiative, officially named “Digital Assets Innovation, Industry, Regulation and Compliance (DAIIRC),” is designed to educate key decision-makers in financial institutions about digital currencies and their potential to broaden access to financial services.
The cost for the program is $1,500, with organizations expected to sponsor their personnel’s participation.
REGULATION | Chainalysis Confirms Collaboration with SEC Nigeria 🇳🇬
“At the SEC, we need to do deep dives into data intelligence.
We must speak about the technical foundations.” said Director General, @SECNigeria
Details: https://t.co/5RIZ6GaMAi @chainalysis pic.twitter.com/Z5Ide8GhHl
— BitKE (@BitcoinKE) August 29, 2025
Nigeria’s Growing Cryptocurrency Adoption: A Significant Portion of the Population Involved
According to sources at BitKE, over 33% of Nigeria’s population, which exceeds 220 million, are actively participating in the cryptocurrency market. This positions Nigeria as a prominent player in the global digital asset landscape and a leading force in Africa.
STATISTICS 🇳🇬 | ‘Statistics Don’t Lie. Over 33% of Our Population Are Engaged in Digital Assets,’ Confirms SEC Nigeria
“We must take this as seriously as the opportunity it represents.” – Dr. Emomotimi Agama, Director General, @SECNigeria https://t.co/4opBi3zUPC pic.twitter.com/5KqY9OSiJF
— BitKE (@BitcoinKE) August 29, 2025
However, this rapid increase in cryptocurrency usage presents challenges for regulators, including:
- Extensive use of unregulated cryptocurrency exchanges and peer-to-peer (P2P) trading platforms.
- The rising number of cryptocurrency scams and fraudulent schemes targeting users.
- The absence of standardized regulations, resulting in ambiguity for both investors and businesses.
- Friction between regulators and banking institutions, stemming from prior limitations on access to cryptocurrency on/off-ramps.
“This collaboration, in conjunction with the University of Cambridge and Busha, to provide a world-class executive program demonstrates our dedication to equipping regulators, policymakers, and market leaders with the necessary resources to confidently engage with digital assets,” stated Dr. Emomotimi Agama, Director General of SEC Nigeria.
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Nils Andersen Röed and Jarek Jakubcek, who formerly worked as investigators at Europol, were recently in South Africa and Nigeria to train local regulators… pic.twitter.com/7uIUBrAtSF
— BitKE (@BitcoinKE) December 4, 2023
The Importance of the SEC Nigeria Course
The SEC’s newly developed course will specifically target policymakers, legislators, and high-ranking regulatory officials to improve understanding of:
- The underlying principles of blockchain technology and digital assets.
- The inherent risks and potential benefits associated with the cryptocurrency market.
- Methods for developing effective policies that strike a balance between innovation, investor protection, and the stability of the financial system.
The introduction of this course follows SEC Nigeria’s temporary halt of new cryptocurrency exchange registration approvals. This pause is due to difficulties in conducting thorough due diligence.
Similarly, in Kenya, the government continues to address cryptocurrency regulation following the country’s placement on the FATF grey list, largely due to insufficient cryptocurrency regulations addressing anti-money laundering (AML) concerns.
By enhancing the proficiency of regulators, the SEC aims to cultivate a dependable regulatory framework, better equipping Nigeria to manage its leading position as Africa’s cryptocurrency hub.
🇳🇬REGULATION | Additional Level of Due Dilligence Needed Before We Announce Next Set of Provisional Crypto Licenses, Says Nigeria SEC Chief
The commission is collaborating with @officialEFCC, NFIU, and ONSAhttps://t.co/54gwAOeiq4 @SECNigeria pic.twitter.com/yHtzs87CG6
See also
— BitKE (@BitcoinKE) April 16, 2025
The SEC’s training program signifies a potential turning point in collaborative efforts, equipping regulators with the resources needed to address current knowledge gaps and fostering constructive engagement with the rapidly changing digital economy.
How the Regulated Nigerian🇳🇬 Crypto Exchange, Busha, Grew to Over 800,000 Users by 2025
“Even in 2018, we reached out to @SECNigeria and said, ‘regulate us.’” – @MrMoyo_
That compliance-first stance would later become vital to @getBusha‘s survival.https://t.co/drAYZ3PDSz pic.twitter.com/2ubXLpUuiJ
— BitKE (@BitcoinKE) June 9, 2025
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