Revised Nigerian SEC Rules Address Cross-Chain Transfers and Digital Investment Services

The Nigerian SEC closes consultation on expanded digital asset rules, introducing stricter oversight for cross-chain transfers, virtual asset services, and issuers of cryptocurrencies, stablecoins, and digital securities to strengthen regulation and protect investor interests.

Revised Nigerian SEC Rules Address Cross-Chain Transfers and Digital Investment Services

Nigerian SEC Sharpens Focus on Digital Assets with Proposed Rule Amendments

The Securities and Exchange Commission (SEC) of Nigeria is actively regulating digital assets and virtual services with proposed amendments to its Digital Assets Rules.

As the consultation closed on 30 December 2024, the revisions signal a major breakthrough towards stricter oversight in crypto asset regulation.

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