Nigeria’s SEC has also admitted five crypto companies into its fast-track regulatory sandbox, broadening oversight efforts beyond a single exchange participant.
Luno Nigeria has become the first global crypto exchange to join the SEC’s regulatory incubation program, marking an early test of how an international digital asset platform may operate under Nigerian oversight. Nigeria’s SEC has also admitted five crypto companies into its fast-track regulatory sandbox, signaling a broader push to bring parts of the crypto market into supervised frameworks. Together, the moves point to closer engagement between the regulator and digital asset firms in one of Africa’s largest crypto markets, with potential implications for how more structured oversight develops in the region.