A Synopsis of the New Rules on Issuance, Offering Platforms and Custody of Digital Assets
Background
On 11 May 2022, as part of its efforts to effectively regulate digital/virtual assets in Nigeria, the Securities and Exchange Commission (the “Commission”) released new rules for Digital Assets. The new rules which it named “New Rules on Issuance, Offering Platforms, and Custody of Digital Assets” (the “New Rules”) are in furtherance to the earlier released Proposed Rules for the Registration of Virtual Assets Providers in Nigeria and the Proposed Rules on Issuance, Offering Platforms, and Custody of Digital Assets. In this article, we have provided a synopsis of these New Rules.
Download(s):
