For years, crypto in Nigeria has lived in a legal grey zone. People used it. Banks feared it. Regulators avoided it.
That changed in March 2025.
President Tinubu signed the new Investment and Securities Act (ISA) 2025, officially recognizing digital assets and cryptocurrencies as securities under Nigerian law.
That changed in March 2025.
President Tinubu signed the new Investment and Securities Act (ISA) 2025, officially recognizing digital assets and cryptocurrencies as securities under Nigerian law.
The Securities and Exchange Commission (SEC) now has full authority to regulate them.
This move didn’t come out of nowhere. Nigeria ranks among the top countries globally for crypto adoption. The government finally decided to catch up with its citizens.
This move didn’t come out of nowhere. Nigeria ranks among the top countries globally for crypto adoption. The government finally decided to catch up with its citizens.
What Changed?
Crypto is now classified as a digital asset security
Section 357 of the ISA 2025 gives the SEC the power to license and regulate virtual asset providers like exchanges, wallets, and more.
Banks can now work with licensed crypto businesses
Back in December 2023, the Central Bank allowed banks to open accounts for crypto companies. They still can’t trade crypto directly, but now the rails are in place.
Strict compliance rules apply
Exchanges must meet KYC/AML standards, register with the SEC, and maintain minimum capital (₦500 million or more). This filters out unserious players.
Why This Matters
It protects users
Fraud is easier when nobody is watching. This new framework holds platforms accountable.
It invites global investment
Real rules attract serious investors. Companies can now operate in Nigeria without fear of regulatory whiplash.
It opens doors for innovation
Local startups can finally build openly on DeFi, payments, cross-border tools without ducking regulators.
What Comes Next?
The SEC is working on new crypto-specific rules based on this law.Local and global exchanges will begin applying for Nigerian licenses.
Stablecoin rules, eNaira integrations, and cross-border coordination with Ghana and Kenya are also on the table.
What This Means for You (as a Crypto User)
- You should expect safer platforms.
- You’ll likely need to complete KYC before trading. You should start keeping records of your crypto gains.
Bitexchange will continue operating with full transparency, and we will be working towards full regulatory compliance under the new law if our service fits.
Bottom Line
Crypto in Nigeria is no longer a backdoor thing. It’s regulated. It’s legal. And it’s here to stay.
Want to trade safely, instantly, and at the best rates? Reach out to us.
