Nigeria SEC Introduces New Digital Assets Regulations: A Comprehensive Overview
The Nigerian Securities and Exchange Commission (SEC) has unveiled significant amendments to its digital assets regulations, marking the clearest regulatory framework Nigeria has seen to date. These new rules, set to come into force in June 2025, introduce several changes to digital assets regulation in Nigeria and aim to provide clarity and structure to the burgeoning digital asset market. Hace 2 días, initial details began to surface, highlighting the landmark provision buried within the 226-page document: the recognition of digital assets as securities.
Understanding the New Digital Assets Rules
The Digital Assets Rules build upon existing frameworks and introduce a comprehensive framework for the issuance and registration of digital assets within the Nigerian capital market. The document is divided into five parts, each addressing a specific aspect of the digital asset landscape. Dated, these rules introduce a comprehensive framework.
Key Areas Covered by the Regulations:
The New Rules on Issuance, Offering Platforms and Custody of Digital Assets cover crucial aspects of the digital asset ecosystem. These Rules shall cover:
- PART A – Rules on Issuance of Digital Assets as Securities: Regulating how digital assets can be issued and offered to the public as securities.
- PART B – Rules on The Nigerian Securities and Exchange Commission (SEC) outlining the regulatory oversight of offering platforms facilitating the trading of digital assets.
This represents a major step forward in legitimizing and regulating the digital asset space in Nigeria. The new law marks the clearest regulatory framework Nigeria, and it is expected to foster innovation and attract investment while protecting investors. Stay tuned for further analysis as we delve deeper into the specifics of these new regulations.