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In wrapping up an undeniably eventful year for the digital asset ecosystem in Nigeria, the Securities and Exchange Commission (SEC) has further tightened the rules applicable to virtual asset service providers (VASPs) through the Exposure of Amendments to the Rules on Digital Assets Issuance, Offering Platform, Exchange, and Custody published on 16 December 2024.

For more information on these key amendments and how these changes could significantly impact the way digital assets are promoted and offered in the Nigerian market, contact TEMPLARS Partner, Zelda Akindele, Senior Associate, Victor Sameria and Associate, Joshua Chizoma.

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