ChainCatcher news, according to Cointelegraph, the Nigerian Securities and Exchange Commission (SEC) has put forward new requirements for virtual asset service providers (VASPs), requiring them to set up offices in Nigeria to be eligible to participate in its framework program. It is reported that crypto entities must be incorporated and have offices in Nigeria to be eligible to participate in the Accelerated Regulatory Incubation Program (ARIP), which aims to introduce virtual asset service providers (VASPs) in the country. In addition, the Nigerian Securities and Exchange Commission also requires that the CEO or managing director of a crypto company must reside in Nigeria.