- Main event: Nigeria recognizes Bitcoin as security with Investment and Securities Act 2025.
- President Tinubu signs law enhancing regulatory clarity for digital assets.
- Law aims to boost institutional investment and protect investors.
Nigeria’s regulatory landscape for digital assets witnessed a landmark change in April as President Bola Ahmed Tinubu signed the Investment and Securities Act 2025 into law. This new legislation officially recognizes Bitcoin and other digital assets as securities.
This legislative shift represents a considerable change in Nigeria’s approach to cryptocurrencies, aiming to provide regulatory clarity in one of Africa’s largest crypto markets.
Nigeria’s Investment and Securities Act 2025 Redefines Crypto Regulation
The passage of the Investment and Securities Act 2025 replaces prior laws, integrating cryptocurrencies into Nigeria’s regulatory framework as recognized securities. President Tinubu spearheaded this new legal framework, impacting one of the world’s leading crypto markets. The Nigerian SEC now holds jurisdiction over digital assets. This act aims to bring clarity to previously ambiguous regulations, fostering a stable environment for institutional investment.
Market dynamics may shift as institutional players show renewed interest in response to this formalized stance from Nigerian authorities.
“Having clearer regulations is a good thing. Now that this step is completed, it will be easier to further amend specific provisions as the industry matures.” — Bernard Parah, CEO, Bitnob.
Bitcoin Soars as Nigeria Aligns with Global Crypto Trends
Did you know? This is the first time Nigeria officially recognizes Bitcoin’s legal status, aligning it with countries having clear crypto regulations.
Bitcoin (BTC) is currently priced at $96,033.39, with a market cap of $1.91 trillion, dominating 63.51% of the market per CoinMarketCap. Over the past 30 days, Bitcoin saw an increase of 13.91%, reflecting its potential acceptance and rising investor interest.
The Coincu research team suggests that this law could lead to increased investor trust and growth of digital assets in Nigeria, aligning with global trends towards crypto legalization. Past trends indicate such frameworks may enhance market maturity and stability.
Source: https://coincu.com/335192-nigeria-bitcoin-recognized-security/