According to Bitcoin.com, the Nigerian President Bola Ahmed Tinubu recently signed the Investment and Securities Act 2025 (ISA), effectively ending the uncertainty surrounding the status of cryptocurrencies. The new bill effectively repealed the Investment and Securities Act No. 29 of 2007. This revised securities law officially recognizes cryptocurrency as an asset class. This recognition not only eliminates the uncertainty surrounding cryptocurrencies, but also means that they are no longer prohibited assets. In addition, law enforcement agencies that have previously 'harassed' individuals involved in these assets will have to cease such behavior.
Emomotimi Agama, Director General of the Nigerian Securities and Exchange Commission (SEC), stated that the new law empowers the SEC to more effectively promote innovation and protect investors, repositioning Nigeria as a competitive destination for attracting domestic and foreign investment. In addition to recognizing digital assets and investment contracts as securities, the Investment and Securities Act 2025 also explicitly places virtual asset service providers (VASPs) within the regulatory scope of the Nigerian Securities and Exchange Commission. The law also prohibits Ponzi schemes and imposes severe punishments, including imprisonment, on the planners of such schemes.