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A cryptocurrency is an online medium of digital exchange that is not regulated by a central system. Regarding what can you do with bitcoin in nigeria, a couple use cases are: For example in the year 2015, one bitcoin was about n85000 and now it is n11.5m. Some countries still haven't made their minds what to do quite the contrary; Yes, bitcoin is legal in nigeria, but the nigerian sec ( securities and exchange commission ), warned citizens about crypto investments being risky and sometimes even fraudulent.
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Following a landmark ruling by the securities and exchange commission of nigeria (sec nigeria) on september 11, 2020, cryptocurrencies are now legally recognized as securities in nigeria.
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