The Securities and Trade Fee, SEC, has developed new pointers designed to license, register and display digital and digital belongings service suppliers, VASPs.
The brand new guideline referred to as AML/CFT/CPF stands for the Anti-Cash Laundering/ Combating the Financing of Terrorism/Counter-Financing of Proliferation.
This initiative would be sure that “criminals usually are not registered as operators” within the capital market.
SEC had submitted the brand new guideline to the heads of presidency businesses anti-money laundering committee.
The rules are present process ultimate evaluation and will likely be made out there for remark earlier than being finalized.
reporter recollects that the Central Financial institution of Nigeria, CBN, lifted the ban on crypto transactions within the nation on December 22, 2023, and issued operational pointers on digital belongings service suppliers, VASPs to all banks and different monetary establishments.
SEC famous that it is able to interface with real VASPs based mostly on these clear guidelines and laws.
