The Nigerian government has recognized Bitcoin as a security through legislation.

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[The Nigerian government recognizes Bitcoin as a security] Nigerian President Tinubu signed the Investment and Securities Act 2025 last month, officially classifying Bitcoin and other digital assets as securities. This marks the first official recognition of Bitcoin's legal status by Nigerian regulators. The new legislation will grant the Securities and Exchange Commission of Nigeria (SEC) regulatory authority over virtual asset service providers (VASPs), digital asset operators (DAOPs), and digital asset exchanges (DAEs). The bill also takes a strong stance against Ponzi schemes, with violators facing fines of at least 20 million Naira (approximately 12,430 dollars) and up to 10 years in prison.

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