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Crypto Regulation in Nigeria 2025
Nigeria, a country known for its rapid crypto adoption rate, has taken a significant step towards embracing digital assets by implementing regulations around cryptocurrencies and blockchain technology. The government’s decision to recognize cryptocurrencies as securities is expected to bring stability and security to the sector.
The Securities and Exchange Commission (SEC) will be responsible for regulating all activities related to virtual assets in the country. All Virtual Asset Service Providers (VASPs), Digital Asset Operators (DOPs), and Digital Asset Exchanges (DAEs) are required to register with the SEC and obtain authorization before engaging in any crypto-related activities.
As of June 2025, the SEC has released new digital asset rules for crypto asset services providers and platforms, gaining authority over them. Furthermore, the government has reiterated its commitment to innovation with security by introducing measures that prioritize investor protection.
The newly signed Investments and Securities Act (ISA) 2025 law classifies cryptocurrencies and other digital assets as securities, ensuring a more structured ecosystem in Nigeria.
To give you an overview of what this means for users:
* Selling, trading, spending crypto, receiving crypto as payments, mining, staking, masternodes, and hard forks are now considered taxable events.
* All VASPs must apply for the SEC license to continue operations.
* Businesses accepting crypto must use SEC-licensed payment partners and issue proper receipts.
Source: coinpedia.org
