Nigerian Regulator warns against bitcoin investments

Nigeria’s capital market regulator, the Securities and Exchange Commission (SEC) has warned the public against investing in cryptocurrencies including Bitcoin. Published yesterday, the official public notice is advising investors to be wary of investment schemes and companies soliciting investment via cryptocurrencies. The warning comes after the revelation that MMM Nigeria – a prominent multi-marketing Ponzi scheme – is making a comeback after enabling bitcoin as a form of payment when it reopens its customers’ accounts tomorrow, January 14. The MMM Ponzi scheme’s participants saw their accounts frozen in December. Read more: