MMM: SEC warns against investment in digital currencies
The Securities and Exchange Commission (SEC) has warned Nigerians against investing in digital currencies such as Bitcoin, Swisscoin and OneCoin. In a public notice on its website, SEC warned that none of the individuals or companies promoting the use of the currencies is recognised by it or any other regulatory agency in Nigeria. It also warned that investors stand the risks of losing their money in various investments being promoted by the companies, including fraudulent pyramid schemes.
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