The Securities and Exchange Commission (SEC) says it has developed new guidelines for licensing, registration and screening of digital and virtual assets service providers (VASPs).
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SEC had submitted the new guideline to the heads of government agencies anti money laundering committee.
The new measures would ensure that “criminals are not registered as operators” in the capital market.
Recall that the CBN lifted the ban on crypto transactions in the country on December 22, 2023, and issued operational guidelines on virtual assets service providers (VASPs) to all banks and other financial institutions (OFIs).
SEC noted that it is ready to interface with genuine VASPs based on these clear rules and regulations.
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