The Nigerian Securities and Exchange Commission requires that the CEOs of cryptocurrency companies must reside locally

ChainCatcher news, according to Cointelegraph, the Nigerian Securities and Exchange Commission (SEC) has imposed new requirements on virtual asset service providers (VASP), stating that they must establish an office within Nigeria to be eligible to participate in its framework program. It is reported that crypto entities must be registered and have an office in Nigeria to qualify for the Accelerated Regulatory Incubation Program (ARIP), which aims to introduce virtual asset service providers (VASP) in the country. Additionally, the Nigerian Securities and Exchange Commission requires that the CEO or Managing Director of crypto companies must reside in Nigeria.