The Nigerian Securities and Exchange Commission (SEC) has updated its cryptocurrency rules to add requirements for cryptocurrency-related marketing promotions by virtual asset service providers (VASPs) and social media influencers.
In its revised digital asset rules, the SEC said VASPs that engage third-party service providers to promote their crypto offerings must "obtain prior approval from the Commission." The rules also require VASPs to ensure that third-party providers comply with marketing rules established by the SEC. The rules apply to any VASP that provides services to residents of the country and are scheduled to take effect on June 30, 2025.
Nigeria's Securities and Exchange Commission tightens cryptocurrency marketing rules
2024-12-19 14:07:45
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