ABUJA — In the wake of the Securities and Exchange Commission (SEC) Nigeria’s sweeping move to recapitalize the capital market, the nation’s intercommunity group has issued a formal statement about…
The X Space discussion titled “The Billion Naira Filter: Will Local Innovators Survive the New SEC Rules on VASPs?” was held 16 January 2026, courtesy of the Stanley Golomo-led Restoration…
In a move designed to transform the Nigerian capital market from a market of participants into a fortress of financial stability, Nigeria’s Securities and Exchange Commission (SEC) has officially “raised…
The Bank of Ghana has taken a significant step towards regulating the virtual asset industry in the country by requiring all Virtual Asset Service Providers (VASPs) operating in Ghana to…
As reported earlier, Nigeria made a groundbreaking move by officially recognizing virtual assets and investment contracts as securities with the signing of the Investment and Securities Act (ISA) 2024 by…
The Hong Kong Securities and Futures Commission (SFC) has issued operational licenses to two Hong Kong-based crypto exchanges. Registered under the Securities and Futures Ordinance (SFO), the companies, YAX (Hong…
The grant is in accordance with BoN’s regulatory mandate under the Virtual Assets Act 2023, tasking the bank with evaluation of individuals and entities intending to provide virtual asset services…
One of the most egregious triggers for account restrictions is the failure to meet KYC requirements, particularly the “proof of funds” provision. While KYC is a critical component of anti-money laundering (AML)…
At the meeting, Dr. Agama emphasized the importance of consultation, transparency, and integrity in the regulatory process, acknowledging concerns about communication and the need for stakeholder input in regulation-making. He…
The Rules, introduced in 2022 and revised 27 September 2024, will be effective from 30 June 2025. The amendment adds new provisions and removes one, stating the justification for each…
