With the Central Bank of Nigeria (CBN) about to release a new round of crypto trading regulations, several Nigerian fintech startups have warned users to stop trading in cryptocurrencies, otherwise they will face the risk of account closure and being reported to law enforcement agencies. The Nigerian Securities and Exchange Commission (SEC) met with several local crypto exchanges on Monday to express concerns about peer-to-peer crypto traders and their impact on the naira exchange rate. The agency's director, Emomotimi Agama, said Nigeria hopes to remove the naira from crypto trading platforms and require exchanges to comply with new regulations to be issued in the next few days. (semafor)