Nigeria’s digital assets market is one of the fastest-growing in Africa, yet the regulatory landscape is still developing rapidly. Marturion Legal advises individuals, exchanges, token issuers, and institutional investors on compliance with Nigeria’s evolving digital assets framework, including the Investments and Securities Act 2025, SEC rules, and CBN guidance.

What We Help With

  • Digital assets compliance under the Investments and Securities Act 2025
  • SEC registration and licensing for virtual asset service providers (VASPs)
  • Token offering structures and regulatory legal opinions
  • CBN regulatory engagement and licensing support
  • Exchange and trading platform legal advisory
  • AML/CFT compliance frameworks for digital asset businesses
  • Dispute resolution for digital asset transactions

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Frequently Asked Questions

Are digital assets legal in Nigeria?

Yes. The Investments and Securities Act 2025 formally classifies certain digital assets as securities, bringing them within the SEC’s regulatory remit. This marks a significant shift from earlier CBN guidance that restricted bank involvement with cryptocurrency.

Does Marturion Legal advise cryptocurrency exchanges?

Yes. We advise exchanges and virtual asset service providers on VASP registration, AML/CFT compliance, and engagement with the SEC and CBN regulatory frameworks.

What is a VASP?

A Virtual Asset Service Provider is any business that offers exchange, transfer, custody, or issuance of virtual assets. Under Nigeria’s 2025 framework, VASPs must register with the SEC and comply with AML/CFT obligations set by the Financial Intelligence Unit.

What is the difference between a utility token and a security token in Nigeria?

The Investments and Securities Act 2025 distinguishes between utility tokens (which grant access to a product or service) and investment tokens (which represent a financial interest). Security tokens fall within the SEC’s jurisdiction and require registration. The classification depends on the economic substance of the token, not its label.