Timi Agama, head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department at the Securities and Exchange Commission, described cryptocurrency market as air that could not be caged or regulated.
According to him, cryptocurrency cannot be ignored as it is a market of about two trillion dollars.
He said, “There is a lot of investment move into the cryptocurrency market and the tendency is that it will reduce the amount of investments in the stock market.
“Part of the desire of the SEC even in the future is to provide a regulatory framework that will take care of all these challenges that we have seen internationally and the entire world is grappling with in terms of cryptocurrency and digital assets.
“For us at SEC and capital market, it is something to look at; the world cannot be moving forward and we will be static.”
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