The Securities and Exchange Commission (SEC) has announced the development of new guidelines for licensing, registration, and screening of digital and virtual asset service providers (VASPs).
The SEC submitted the guidelines to the heads of government agencies anti-money laundering committee, as confirmed by a document obtained by Daily Trust.
These new measures aim to prevent criminals from registering as operators in the capital market. SEC emphasized its readiness to engage with genuine VASPs based on the clear rules and regulations outlined in the guidelines.
Source: Daily Trust