Nigerias Securities and Exchange Commission (SEC) has recently published new rules that will govern the issuance, custody, and exchange of crypto assets. The development is seen as a step toward the legitimacy of cryptos such as Bitcoin (BTC) and Ethereum (ETH) and could promote adoption in Nigeria, one of the leading countries for digital currency adoption. In the recently published rules, SEC Nigeria affirms its treatment of crypto assets as securities. The regulator defined a digital asset as a digital token that represents assets such as a debt or equity claim on the issuer, under the...
source: https://tokenpost.com/Nigeria-SEC-issues-new-crypto-rules-confirming-digital-assets-are-securities-9617
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