【Nigerian Government Recognizes Bitcoin as Securities through Legislation】According to Golden 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 the legal status of Bitcoin by Nigerian regulators. The new law will grant 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 law also takes a strong stance against Ponzi schemes, with violators facing fines of at least 20 million Naira (approximately $12,430) and up to 10 years of imprisonment.