The Nigeria EFCC admits that low regulations open cryptographic investors to fraud - AdLunam

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The Nigeria EFCC admits that low regulations open cryptographic investors to fraud

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Altcoin Observer

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- September 8, 2025 at 5:37 am
  
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  The Nigeria EFCC warns of risks in crypto investments due to fraud. Olakoyede highlighted the need for proper regulations to prevent misuse. Olukoyede emphasized the importance of regulating the crypto industry to prevent financial abuse and terrorism funding. He urged stakeholders to educate newcomers and report fraudulent activities. Siban president Iwuno supports regulations but stresses the need to foster innovation. Collaboration between Siban and EFCC is proposed to promote awareness and combat scams in the crypto sector. Source: [Link] 🇳🇬
  
  The Nigeria EFCC admits that low regulations open cryptographic investors to fraud
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