On March 29, 2025, President Bola Tinubu signed the Investments and Securities Act (ISA) 2024 into law, replacing the old 2007 Act. This new law brings some big changes for digital asset operators, especially those working with cryptocurrencies, NFTs, DeFi, and other blockchain-based assets.
So, What is New?
- Digital Assets Are Officially Recognized
The new Act now considers virtual assets like cryptocurrencies, NFTs, and tokenized assets as “securities.” This means they are officially under the watchful eye of the Securities and Exchange Commission (SEC). So, if you are running a crypto exchange, NFT marketplace, DeFi protocol, or offering tokens, you have got to follow the rules to stay on the right side of the law.
- Licensing and Registration Are Now Mandatory
Yes, it is official. If you are operating a digital asset business in Nigeria, you are expected to register with the SEC before launching. This applies to everyone from crypto exchanges and wallet providers to DeFi platforms and NFT projects.
- Expect More Oversight and Penalties for Non-Compliance
The SEC is not just watching from the side-lines. They have the power to enforce compliance with the new law. And if you are found violating the Act, like operating without proper registration or misleading investors, you could face serious fines or even imprisonment. So, it is better to play by the rules.
- Infrastructure Standards Are Now A Thing
If you are running an exchange or a trading platform, the new law requires you to maintain solid infrastructure for trading, settlement, and asset storage. This aligns Nigeria’s framework with international standards, making the market safer and more reliable for everyone.
What Does This Mean For You?
The Investments and Securities Act 2024 is a big step towards regulating Nigeria’s expanding digital asset space. It brings clarity to the table, but also new responsibilities for anyone running a Web3 or digital asset business in Nigeria.
We know this sounds like a lot to process. But do not worry, that is what we are here for. At Blockblista, we help Web3 founders, crypto startups, NFT creators, and digital asset businesses navigate Nigeria’s evolving regulatory landscape. From getting your business registered and compliant to managing investor relations and avoiding penalties, we have got your back!
Want to chat about how these changes affect your business? Reach out to us!
