<ul><li>Nigeria recognized cryptos as securities by signing the Investments and Securities Act 2024 (ISA 2024) into law.</li><li>The law imposes strict penalties, including up to 10 years of imprisonment, for individuals involved in Ponzi schemes.</li><li>Cryptos are now classified as securities and fall under the Nigerian Securities and Exchange Commission (SEC) jurisdiction.</li><li>The new law aims to improve transparency, efficiency, and stability in Nigeria's financial market.</li></ul>

Crypto News: Nigeria President Signs New Law Strengthening SEC Oversight of Cryptocurrencies

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