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On 15th March 2024, the Securities and Exchange Commission (SEC) in Nigeria proposed amendments to its rules on digital assets including the introduction of additional requirements for virtual asset service providers.

Authored by TEMPLARS Partner Zelda Akindele, Senior Associate Victor Sameria, and Associate Joshua Chizoma, this client alert provides an overview of the SEC’s proposed amendments and how the new rules could impact the digital assets ecosystem in Nigeria.

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