ChainCatcher news, according to Cointelegraph, the Nigerian Securities and Exchange Commission has updated its crypto regulations, adding requirements for virtual asset service providers (VASP) and social media influencers regarding crypto-related marketing promotions.In the revised digital asset rules, the regulator stated that VASPs promoting their crypto products in collaboration with third-party service providers must "obtain prior approval from the commission." The rules also require VASPs to ensure that third-party providers comply with the marketing rules set by the SEC. These rules apply to any VASP providing services to residents of the country and are set to take effect on June 30, 2025.

ChainCatcher news, according to The Block, the African cryptocurrency exchange Quidax has announced that it has become the first cryptocurrency exchange to obtain a temporary operating license for digital asset exchanges issued by the Nigerian Securities and Exchange Commission (SEC).It is reported that Quidax operates as a registered cryptocurrency exchange in Nigeria, as the country begins to formally recognize and urgently regulate the cryptocurrency industry.

ChainCatcher news, according to Cointelegraph, the Nigerian Securities and Exchange Commission (SEC) has issued the first temporary operating license to the African cryptocurrency exchange Quidax, marking a milestone for Nigeria's burgeoning cryptocurrency industry. This key development signifies that the country's digital asset sector is beginning to receive formal recognition and much-needed regulatory oversight.

ChainCatcher news, according to Cointelegraph, the Nigerian Securities and Exchange Commission (SEC) has imposed new requirements on virtual asset service providers (VASP), stating that they must establish an office within Nigeria to be eligible to participate in its framework program. It is reported that crypto entities must be registered and have an office in Nigeria to qualify for the Accelerated Regulatory Incubation Program (ARIP), which aims to introduce virtual asset service providers (VASP) in the country. Additionally, the Nigerian Securities and Exchange Commission requires that the CEO or Managing Director of crypto companies must reside in Nigeria.

ChainCatcher news, according to Daily Post, the Nigerian Securities and Exchange Commission (SEC) has developed new anti-money laundering guidelines for digital assets, aimed at licensing and screening virtual asset service providers (VASP).It is reported that the guidelines have been submitted to the head of the official anti-money laundering committee and are currently undergoing final review, with feedback being sought before finalization.