The Securities and Exchange Commission (SEC), says the Investment and Securities Act (ISA,2025) formally recognises virtual assets like cryptocurrencies as securities which brings it under regulatory oversight of the Commission.
Dr Emomotimi Agama, the Director-General of SEC, said in a statement on Sunday, that the Act expanded the definition of securities to cover investment contracts, ensuring the digital assets operators, exchanges and service providers complied with investors protection standards.
Agama said that key reforms introduced in 2025 were aimed at boosting investors confidence, strengthening market oversight and aligning Nigeria’s financial markets with global best practices.
He said the major highlights of the Act was investors’ protection beyond any other thing, adding that the essence of regulation was making sure that integrity and transparency were maintained in any market.
“This will endear the Nigerian capital market to international investors.
”So for us, the ISA 2025 has given us more powers to be able to deal with these challenges that have bedeviled investors for a very long time.
”We have an implementation team already set up to be able to deal with every page of the ISA 2025.
”This is to make sure that we achieve the goal of the new law, and that investors are confident, happy again to be part of the market, bringing succour to them when it is needed, and providing an opportunity for us to democratise wealth creation in this country,” Agama said.
BRANDECONOMY recalls that President Bola Tinubu had assented to the ISA 2025 on March 25, thereby, repealing the ISA 2007.
