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Nigeria equated cryptocurrency with securities Nigeria equated cryptocurrency with securities

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Nigeria equated cryptocurrency with securities

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The Nigerian Securities and Exchange Commission (SEC) has published new rules for regulating cryptocurrencies, which classified them as securities.

Nigeria equated cryptocurrency with securities

According to the 54-page document, digital assets are analogous to a stock or an issuer’s debt claim.

As the regulator explains, crypto assets provide alternative investment opportunities and are subject to the same requirements that apply to stock exchanges and their transactions. If an issuer wishes to avoid such classification of its instruments, it must submit a relevant request, on the basis of which a check will be carried out.

“The position of the Commission is that virtual crypto assets are securities unless proven otherwise. The task of proving that the proposed crypto asset is not a security and, therefore, does not fall under the jurisdiction of the agency, lies with the issuer or sponsor of the said asset,” the document says.

The rules also include registration requirements for trading platforms. Specifically, exchanges must have a minimum paid-up capital of 500,000,000 naira (approximately $1.2 million).

Registered sites are required to provide the regulator with a list of assets and obtain approval for each. The SEC is asking exchanges to adhere to “fair, reasonable and transparent” fee policies.

In 2020, the SEC recognized crypto assets as securities with a clause “unless proven otherwise.” Digital assets that are removed from the definition of a security will receive the status of an exchange commodity and will no longer be of interest to the regulator. He argues that the purpose of the new requirements is not to deter innovation, but to create a fair and efficient market.

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Phones

Samsung has released a smartphone that neither Xiaomi, nor Huawei, nor Realme offers the likes of. Introduced secure Galaxy XCover6 Pro with a removable battery

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Samsung has released a smartphone that neither Xiaomi nor Huawei

Samsung has introduced a secure smartphone Galaxy XCover6 Pro. The manufacturer has not yet revealed the price, but earlier there were rumors about 600 euros. The device will go on sale in July.

Samsung has released a smartphone that neither Xiaomi, nor Huawei, nor Realme offers the likes of.  Introduced secure Galaxy XCover6 Pro with a removable battery

Unlike many of its predecessors, the Galaxy XCover6 Pro offers far from the most basic specs. The heart here is the Snapdragon 778G, which means that the XCover6 Pro is more productive than most Samsung smartphones in the Galaxy A line.

The device has 6 GB of RAM, 128 GB of flash memory that can be expanded with microSD cards, a 50-megapixel main camera, an 8-megapixel ultra-wide resolution, a 13-megapixel front camera, and a 6.6-inch IPS screen with a resolution of Full HD + with support for 120 Hz. The display is covered with the latest Glass Victus + glass, but probably a film is glued on top, as is usually the case with secure smartphones.

The battery capacity is small by today’s standards and amounts to 4050 mAh, but the device’s battery is removable, that is, you can replace it yourself by simply opening the back cover. Moreover, hot swapping is supported.

Also worth noting is a USB-C 3.2 port, Wi-Fi 6E, Bluetooth 5.2, two customizable buttons, and DeX support. As for protection, we are talking about IP68 and the MIL-STD-810H standard.

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Gaming

Published the first live photo of the virtual reality helmet Sony PlayStation VR2

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Published the first live photo of the virtual reality helmet

The PlayStation VR2 virtual reality helmet has not yet got a release date, but its photo has already appeared on the network. Developers from Bit Planet Games have published a photo of new items. True, then they promptly deleted the photo, but copies have already been distributed over the network.

Published the first live photo of the virtual reality helmet

The new helmet is being created for the PlayStation 5 console, although many hope to be compatible with the PC. The novelty is expected to receive OLED displays with a resolution of 2000 x 2040 per eye, support for HDR, a frequency of 120 Hz and a viewing angle of 110 degrees. The novelty is also credited with eye tracking and a single data and power cable, while the new controllers will receive adaptive triggers and an advanced vibration mechanism.

The new helmet is said to support Horizon Call of the Mountain, No Man’s Sky, The Walking Dead: Saints & Sinners: Retrebution and Resident Evil Village. Other games are also expected to appear.

There is no exact release date yet, it is assumed that the helmet will appear in the first half of 2023. He is credited with a cost of 400 euros.

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Software

FCC asks Google and Apple to remove TikTok app from stores

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FCC asks Google and Apple to remove TikTok app from

In the US, a new stage of confrontation between the authorities and TikTok has begun. FCC Commissioner Brendan Carr wrote letters to Alphabet CEO Sundar Pichai and Apple CEO Tim Cook. In them, he demanded that TikTok be removed from the Google Play and App Store stores.

FCC asks Google and Apple to remove TikTok app from

According to Carr, the application collects and transfers too much sensitive data, and then the program transfers them to Beijing. Carr noted that the application can save drafts, has access to search history, intercepts button presses, tracks biometrics, and also has access to text, images and videos on the clipboard.

“TikTok is not just an app for sharing funny videos and memes. This is a wolf in sheep’s clothing, ”the American official said. He also stated that a recent study showed that TikTok employees in China had access to the personal data of American users.

Stores were given until July 8 to remove the app or justify their refusal to do so. Note that this is not the first confrontation between the Chinese application and the US authorities. Previously, ByteDance companies wanted to ban transactions on TikTok.

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