Nigeria\u2019s Securities and Exchange Commission (SEC) has admitted seven additional digital asset companies into its Accelerated Regulatory Incubation Programme (ARIP), expanding regulatory oversight of the country\u2019s fast-growing cryptocurrency industry.<\/p>\n\n\n\n
According to the SEC, the companies have received Approval-in-Principle (AIP), allowing them to operate within the Commission\u2019s regulatory sandbox while their operations, governance structures and compliance systems are assessed before any decision on full licensing is made.<\/p>\n\n\n\n
The newly admitted firms are Bitbarter Technologies Limited, Luno Fintech Nigeria Limited, GetEquity Limited, Koinkoin Global Network Limited, Wrapped CBDC Ltd, Trovotech Ltd, and Blockvault Custodian Ltd.<\/p>\n\n\n\n
The approvals represent another step in the SEC\u2019s efforts to establish a formal regulatory framework for Nigeria\u2019s digital asset market, following the introduction of the ARIP to bring cryptocurrency businesses under regulatory supervision.<\/p>\n\n\n\n
The Commission clarified that an Approval-in-Principle does not amount to a full operating licence. Instead, participating firms are expected to operate within defined regulatory conditions while demonstrating compliance with the Commission\u2019s rules and investor protection requirements.<\/p>\n\n\n\n
The latest approvals come as Nigeria continues to refine its approach to regulating digital assets after years of uncertainty surrounding the sector. The SEC has increasingly adopted a sandbox model, allowing innovative financial technology companies to test products and services under regulatory oversight before obtaining full authorisation.<\/p>\n\n\n\n
Industry observers say the programme could strengthen investor confidence by providing greater regulatory clarity for businesses operating in Nigeria\u2019s digital asset ecosystem. It also offers regulators an opportunity to monitor emerging technologies while balancing innovation with consumer protection.<\/p>\n\n\n\n
The inclusion of companies such as Luno and GetEquity further signals growing engagement between regulators and digital asset firms as Nigeria seeks to position itself as one of Africa\u2019s leading regulated cryptocurrency markets.<\/p>\n\n\n\n
The SEC has maintained that its regulatory framework is designed to encourage responsible innovation while ensuring market integrity and safeguarding investors participating in the country\u2019s evolving digital asset industry.<\/p>\n\n\n\n
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Nigeria\u2019s Securities and Exchange Commission (SEC) has admitted seven additional digital asset companies into its Accelerated Regulatory Incubation Programme (ARIP), expanding regulatory oversight of the country\u2019s fast-growing cryptocurrency industry. According to the SEC, the companies have received Approval-in-Principle (AIP), allowing them to operate within the Commission\u2019s regulatory sandbox while their operations, governance structures and compliance […]<\/p>\n","protected":false},"author":31579,"featured_media":11736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[166],"tags":[855,2154],"ppma_author":[452],"class_list":["post-11735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-crypto","tag-nigerias-sec"],"authors":[{"term_id":452,"user_id":31579,"is_guest":0,"slug":"estherspeaks","display_name":"Esthy Speaks","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/cdcaf0f94087bbfcad372d974a1a697382dc93112457104ff6535cf4984ea4de?s=96&d=mm&r=g","author_category":"1","first_name":"Esthy","last_name":"Speaks","user_url":"https:\/\/villpress.com\/","job_title":"","description":"Ester Speaks is a senior reporter and newsroom strategist at Villpress, where she shapes Africa-focused business, technology, and policy coverage.\u00a0 She works at the intersection of journalism, and editorial systems, producing clear, high-impact news that travels globally while staying rooted in African realities."}],"_links":{"self":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/11735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/users\/31579"}],"replies":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/comments?post=11735"}],"version-history":[{"count":1,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/11735\/revisions"}],"predecessor-version":[{"id":11737,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/posts\/11735\/revisions\/11737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/media\/11736"}],"wp:attachment":[{"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/media?parent=11735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/categories?post=11735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/tags?post=11735"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/villpress.com\/zh\/wp-json\/wp\/v2\/ppma_author?post=11735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}