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Crowdfunding firms must register with SEC Nigeria: June 30

Nigeria's Securities & Exchange Commission Releases Statement on Crypto and  Bitcoin - Tekedia

Crowdfunding firms have a deadline to register with SEC Nigeria: June 30.

”In line with the transitional provisions of the rules, all persons/entities operating an investment crowdfunding platform prior to the commencement of the rules were expected to restructure all operations in accordance with the requirements of the rules.

They are also expected to apply for registration not later than 90 days from the effective date. While the transitional period elapsed on April 21, the commission hereby directs all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a crowdfunding Portal.

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