In a move aimed at enhancing regulatory oversight and promoting transparency in the burgeoning digital asset market, the Nigerian Securities and Exchange Commission (SEC) has announced a series of new rules and a rigorous compliance program for virtual asset service providers (VASPs). As per the commission's circular, VASPs are required to complete the application process within 30 days from the date of issuance, signaling a zero-tolerance approach towards non-compliance. This development marks a significant step towards safeguarding investors' interests and ensuring the integrity of the digital asset landscape in Nigeria.