Nigeria has officially recognized cryptocurrencies as securities under the new Investment and Securities Act 2025, bringing them under the regulation of the Securities and Exchange Commission (SEC). The country also became the first in Africa to regulate stablecoins, with a framework to protect investors.
However, challenges remain. The SEC has delayed new exchange licenses for further due diligence, and a recent Ponzi scheme collapse, Crypto Bridge Exchange (CBEX), caused heavy losses for investors.
Nigeria’s crypto space is now shifting toward stricter oversight, aiming to balance innovation with user protection.
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