Regulatory Alerts2021-02-11
SEC Statement on Digital Assets and Their Classification and Treatment
The Nigerian Securities and Exchange Commission establishes that all virtual crypto assets are classified as securities unless proven otherwise by the issuer, mandating registration for assets deemed to be securities. All participants in blockchain and digital asset services, including issuers and service providers, are required to register with the Commission and comply with regulatory guidelines. The Commission further categorizes specific digital assets—including crypto assets, utility tokens, and security tokens—and outlines their respective regulatory requirements for trading, issuance, and investment management.
Share