Nigerian SEC announces new rules and compliance plan for digital assets

The Nigerian SEC has revised its rules on the issuance of digital assets, issuance platforms, exchanges, and custody. In an official notice released to the public, the SEC outlined its plans to update these important regulations. As part of this regulatory reform, the US SEC has launched a special compliance program called the "Accelerated Regulatory Incubation Program" (ARIP). The program is designed specifically for Virtual Asset Service Providers (VASPs), who should complete their applications within 30 days of the announcement.