#NIGERIA
๐จ๐ณ๐ฌ Nigeria Officially Recognizes Bitcoin and Digital Assets as Securities
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President Tinubu has signed the Investment and Securities Act 2025, which classifies Bitcoin and other digital assets as securities.
The Nigerian SEC now has the power to oversee Virtual Asset Service Providers (VASPs), Decentralized Autonomous Organizations (DAOPs), and Digital Asset Exchanges (DAEs).
The new law also cracks down on Ponzi schemes, with strict fines and jail time for those involved.
This law gives clear rules for the industry and makes it easier to update them as digital finance evolves.
This is Nigeriaโs first official law on Bitcoin and could influence how other African countries regulate digital assets.
