PANews reported on April 1st that, according to Bitcoin.com, the recently signed Investment and Securities Act (ISA) of 2025 by Nigerian President Bola Ahmed Tinubu effectively ended the uncertainty surrounding the status of cryptocurrencies. The new bill essentially repealed the Investment and Securities Act No. 29 of 2007. The revised securities law "officially" recognizes cryptocurrencies as an asset class. This recognition not only eliminates uncertainty around cryptocurrencies but also means they are no longer prohibited assets. Additionally, law enforcement agencies that have "harassed" individuals involved with these assets will have to cease such actions.

Emomotimi Agama, Director General of the Nigerian Securities and Exchange Commission (SEC), stated that the new law grants the Nigerian SEC more effective powers to promote innovation and protect investors' rights, repositioning Nigeria as a competitive destination for domestic and foreign investment. In addition to recognizing digital assets and investment contracts as securities, the Investment and Securities Act of 2025 also explicitly places Virtual Asset Service Providers (VASPs) under the regulatory scope of the Nigerian SEC. The law also prohibits Ponzi schemes and imposes severe penalties on their orchestrators, including imprisonment.