Nigeria SEC admits seven firms to crypto sandbox including Luno
Nigeria's Securities and Exchange Commission has admitted seven companies, including Luno and a CNGN issuer, into its regulatory sandbox for digital assets. The intake is the first new crypto sandbox cohort approved in two years, bringing the total ARIP-cleared operators to nine and marking a concrete regulatory green light for digital assets in Africa's largest economy.
Nigeria SEC Sandbox: VASPA's three asks reveal what the pipeline still lacks
The pipeline working is the good news. But the industry association VASPA's public wishlist tells you where the gaps are.
No clear timelines for how long firms stay in the sandbox before graduating. No upfront disclosure of what each admitted firm is actually allowed to test. No settled guidance on how securities rules apply to tokenised assets.
A sandbox without those things is a holding room, not a runway. Firms can enter — but nobody knows when, or on what terms, they get to leave.
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- SEC Admits Seven Firms to Crypto Regulatory Sandbox, Including Luno, CNGN Issuer · techeconomy.ng · T2