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flag Surge in crypto fraud leads Nigeria's SEC to fast-track licenses, adapting to security challenges.

flag Sumsub's 2025 report highlights a surge in crypto fraud by 48% and stricter global regulations, prompting the need for advanced AI and biometric technologies to enhance security and user onboarding. flag In Africa, Nigeria faces the highest fraud rates, while other countries show high onboarding success rates. flag Nigeria's SEC plans to fast-track crypto licenses to regulate the booming market and protect consumers, marking a shift from its previous stance.

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