<ul><li>The Nigerian Securities and Exchange Commission (SEC) has issued stricter rules for influencers promoting crypto-related products without transparency.</li><li>Influencers must ensure their crypto clients are licensed by the SEC before endorsing any product or service.</li><li>Failure to comply with the rules can result in penalties such as fines of at least 10 million Naira (approximately $7000), imprisonment of up to three years, or both.</li><li>The regulations also require influencers to use clear and simple language in their promotions to avoid misleading or confusing potential investors.</li></ul>

Nigerian SEC warns influencers of new 3 year jail term for promoting ‘unlicensed’ crypto

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