🇳🇬 Nigeria updates crypto regulations!

- SEC requires VASPs and "Finfluencers" to obtain approval before promoting crypto products.

- Influencers need to verify company licenses and disclose if they receive advertising payments.

- Non-compliance? Heavy fines or imprisonment!

- Only 2 licensed exchanges in Nigeria: Quidax and Busha Digital.

- SEC will strictly enforce unregulated crypto transactions.

BTC still has potential! What do you think about this new regulation? Share your thoughts! 💬