On September 9, the Nigerian Securities and Exchange Commission (SEC) will take action against individuals and cryptocurrency exchanges that fail to comply with the regulatory framework. SEC Director General Emomotimi Agama announced the move on Sunday and pledged to protect investor interests. Two weeks ago, the SEC provisionally approved two digital asset exchanges, Busha and Quidax, to operate under the accelerated regulatory incubation program. The SEC warned that many unapproved crypto trading platforms are operating and that any entities unwilling to be regulated will face enforcement action.