Nigeria’s EFCC admits weak regulation opens crypto investors to fraud

The Economic and Financial Crimes Commission (EFCC) of Nigeria has warned about the risks of opening crypto investors to fraudulent elements. Speaking on behalf of the organization, Ola Olukoyede, Executive Chairman of the EFCC, says Nigeria risks exposing its financial system to large-scale abuse if cryptocurrency activities continue without proper regulation. Olukoyede was represented by […] source: https://www.cryptopolitan.com/weak-regulation-crypto-fraud-efcc-says/