Nigeria has taken a significant step in cryptocurrency regulation by enacting the Investments and Securities Act 2025.
A Long-Awaited Recognition
With the signing of ISA 2025, Nigeria has officially recognized cryptocurrencies as an asset class. This move ends years of regulatory uncertainty and establishes a clear legal framework for digital assets. Previously, the crypto industry in Nigeria operated in a legal gray area, and the new legislation allows citizens to engage in trading and investment without fear of harassment.
SEC Nigeria Takes the Lead
The law grants full authority to the Securities and Exchange Commission (SEC) of Nigeria to regulate the crypto industry. SEC Director-General Emomotimi Agama stated that the new law will foster innovation, protect investors, and attract both local and foreign investments.
Boost for Crypto Adoption and Innovation
With the establishment of a clear legal framework, it is expected that fintech startups, blockchain developers, and institutional investors will be more inclined to engage with Nigeria's crypto market. The law also includes strict measures against Ponzi schemes and enhances investor protections.
Thus, the enactment of the Investments and Securities Act 2025 marks an important step towards legitimizing and growing Nigeria's cryptocurrency industry.
