Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Nigeria Securities Exchange Commission tightens cryptocurrency marketing rules

Nigeria Securities Exchange Commission tightens cryptocurrency marketing rules

Bitget2024/12/19 14:30

On December 19, the Nigerian Securities and Exchange Commission (SEC) updated its cryptocurrency regulations, increasing requirements for Virtual Asset Service Providers (VASPs) and social media influencers' cryptocurrency-related marketing promotions. In its revised digital asset rules, the SEC stated that VASPs hiring third-party service providers to promote their crypto products must "obtain approval from the commission in advance." The rules also require VASPs to ensure that third-party providers comply with marketing rules set by the SEC. These rules apply to any VASP providing services to residents of the country and are planned to take effect on June 30, 2025.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!