The Nigerian Securities and Exchange Commission (SEC) has recently made significant updates to its cryptocurrency regulations! 🎉 The new rules require virtual asset service providers (VASP) to obtain prior approval from the commission when collaborating with social media influencers to promote cryptocurrency products. This initiative aims to strengthen the regulation of the cryptocurrency market, ensuring transparency and security. It is worth noting that this rule will come into effect on June 30, 2025, and will apply to all VASPs providing services to residents of Nigeria. Although market regulation is tightening, Bitcoin continues to demonstrate strong vitality globally, and the future looks promising! 🚀