ChainCatcher news, according to Bitcoin.com, the Nigerian Securities and Exchange Commission (NSEC) is revising the rules governing virtual asset service providers (VASPs) to "expand the scope of regulation in line with current realities."
As part of this work, the Nigerian Securities and Exchange Commission introduced an accelerated regulatory incubation program (ARIP) for the entry of virtual asset service providers. In addition, NSEC instructed all operating and potential VASPs to access its electronic portal and complete the application process within 30 days. Failure to comply with the directive will result in enforcement action by the regulator.
