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Nigeria SEC Expands Crypto Sandbox: Kucoin and GIGX Join ARIP Program
July 6, 2026•08:15 AM
Nigeria’s Securities and Exchange Commission (SEC) has officially expanded its Accelerated Regulatory Incubation Program (ARIP) by admitting Kucoin Nigeria Limited and GIGX Technologies. This strategic move integrates two major virtual asset service providers (VASPs) into the nation's growing regulatory framework.
With these additions, the Nigeria Sandbox now supervises a total of nine crypto firms, marking a significant milestone in the country's effort to balance innovation with oversight. The expansion of the ARIP program is expected to enhance market stability and provide a clearer roadmap for digital asset compliance in Africa's largest economy.
The Nigeria Sandbox is growing quickly, now overseeing nine supervised crypto firms. By bringing more virtual asset service providers (VASPs) into the ARIP, the SEC aims to establish a structured environment that fosters growth while ensuring strict adherence to financial regulations.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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