Nigeria's SEC new encryption marketing rules ...

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Nigeria's SEC new encryption marketing rules will take effect on June 30, requiring VASPs and KOLs to obtain approval for promotion. Crypto assets influencers must obtain a "no objection authorization" from the Nigeria Securities and Exchange Commission before publishing digital asset advertisements. Non-compliance may result in penalties such as a minimum fine of 10 million Nigerian Naira (approximately $6,400) or a maximum of three years in prison.

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