📢Good news! The Nigerian Securities and Exchange Commission (SEC) has introduced new requirements for virtual asset service providers (VASPs), requiring them to have offices in Nigeria to be eligible to participate in its framework program. 😮

What does this mean? Crypto entities must be incorporated and have offices in Nigeria to be eligible for the Accelerated Regulatory Incubation Program (ARIP), which aims to introduce virtual asset service providers (VASPs) in the country. 👍

But that's not all. The Nigerian Securities and Exchange Commission also requires that the CEO or managing director of a crypto company must reside in Nigeria. 🏠

For those of us who are optimistic about Bitcoin, seeing such news has mixed feelings. On the one hand, this may bring some challenges, but on the other hand, it is also a recognition and encouragement for the blockchain industry. 🚀

Let's wait and see how this will affect our beloved Bitcoin! 🔮