The International Monetary Fund recommends Nigeria to issue licenses to cryptocurrency exchanges

ChainCatcher news, according to Cointelegraph, the International Monetary Fund (IMF) supports Nigeria's introduction of a licensing system for global cryptocurrency exchanges as part of its economic reform measures. This initiative aims to help Nigeria gain a favorable position in the African cryptocurrency market and improve the country's macroeconomic challenges while attracting international investment. Despite the Nigerian Securities and Exchange Commission (SEC) imposing a ban on P2P cryptocurrency exchanges, the IMF still recommends that Nigeria ensure the compliance of cryptocurrency trading platforms through effective anti-money laundering regulations.