The Nigerian Securities and Exchange Commission (SEC) recently clarified that it has not issued any cryptocurrency licenses, contrary to some reports. The commission plans to issue licenses for digital services and tokenized assets from August 2024. The decision comes amid greater scrutiny of cryptocurrency exchanges and a push for industry regulation, including requiring exchanges to remove the naira from peer-to-peer trading to prevent currency manipulation. "No one has been approved yet," SEC director general Emomotimi Agama told Techcabal via text message.