SEC reacts to crash of CBEX

By Chioma Obinagwam

Nigeria’s Securities and Exchange Commission (SEC), has reacted to the crash of CBEX (Crypto Bridge Exchange).

Confiance News gathered from an official statement it issued on the official X handle of the Commission.

It said: “The Commission hereby clarifies that neither CBEX nor its affiliates were granted registration by the Commission at any time to operate as a Digital Assets Exchange, solicit investments from the public or perform any other function within the Nigerian capital market.”