SEC assures fintechs, digital asset firms of creating clear regulatory pathways

The Securities and Exchange Commission (SEC) has assured fintech and digital asset operators that it does not intend to stifle their operations, saying it is focused on creating clear regulatory pathways while ensuring market stability.

SEC Director-General, Dr Emomotimi Agama, said this on Wednesday in Abuja at the second Bi-Annual Regulator/FinTech Clinic organised by the Commission.

He said the Commission was working to strengthen the safety of the fintech and digital assets ecosystem through effective regulation.

Agama said the Commission was committed to creating a regulatory environment that allows fintech and digital asset operators to enter and operate in the market while complying with applicable rules.

“We want the digital platforms to enter the market through clear pathways,” Agama said.

“We do not want to gag anyone, but we are open to listening to every complaint,” he added.

He urged fintech and digital asset operators to comply with the Investments and Securities Act (ISA) 2025 and other relevant regulations.

Agama said the Commission would collaborate with fintech and digital asset firms to strengthen the safety and stability of the market.

“Time has come to build a stronger ecosystem for Nigeria,” Agama said.