Nigeria Government Passes Law Recognizing Bitcoin as Securities
According to a report by Jinse Finance, Nigerian President Tinubu signed the Investment and Securities Act 2025 last month, officially classifying Bitcoin and other digital assets as securities. This marks the first official recognition of Bitcoin's legal status by Nigerian regulators. The new act grants the Nigerian Securities and Exchange Commission (SEC) regulatory authority over Virtual Asset Service Providers (VASPs), Digital Asset Operators (DAOPs), and Digital Asset Exchanges (DAEs). The act also takes a tough stance against Ponzi schemes, with violators facing fines of at least 20 million Naira (approximately $12,430) and up to 10 years in prison.
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