TechFlow reports that the Nigerian Securities and Exchange Commission (SEC) requires crypto entities to be locally registered and have a physical office in the country to qualify for the Accelerated Regulatory Incubation Program (ARIP), which aims to onboard Virtual Asset Service Providers (VASPs). Additionally, the Chief Executive Officer or Managing Director must reside in Nigeria. Applicants must be engaged in investment and securities business and are seeking registration or submitting applications related to virtual assets.
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