📢 Crypto Update: Nigeria's SEC is set to update digital asset regulations, introducing the Accelerated Regulatory Incubation Programme (ARIP) for Virtual Asset Service Providers (VASPs). This move aims to strengthen the regulatory framework and adapt to the complexities of digital asset markets. VASPs have 30 days to comply or face enforcement actions. 🚀

The Central Bank of Nigeria (CBN) has also issued guidelines for VASPs' banking relationships and account operations. This coordinated effort shows Nigeria's commitment to responsibly regulate the virtual asset ecosystem.💼

What are your thoughts on Nigeria's regulatory changes? Let's discuss below!👇