Virtual asset service providers (VASPs) and digital assets exchanges are covered in the new set of rules that were recently published by the commission. securities vasps digitalassets
The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets.The Nigerian Securities and Exchange Commission has announced new rules that govern the issuing of digital assets as securities. The regulations also include rules on the registration requirements for digital assets offering platforms .
[The Commission shall] review same within 30 days from receipt to determine whether the digital asset proposed to be offered, constitutes a ‘security’ under the Investment and Securities Act 2007.