Blockchain.com has been approved to join Nigeria's SEC Accelerated Regulatory Incubation Program

According to Chainwire, global crypto platform Blockchain.com has been approved to join the Nigerian Securities and Exchange Commission (SEC) Accelerated Regulatory Incubation Program (ARIP). As a result, the company meets the SEC's preliminary participation requirements and can operate within the established sandbox framework, while continuously fulfilling compliance, testing parameters, and regulatory conditions. Through ARIP, Blockchain.com will work directly with the SEC to assess digital asset business models, test safeguards, and assist in refining the long-term regulatory framework. ARIP is aimed at virtual asset service providers and fintech innovators to evaluate emerging models, operational risks, and investor protection and anti-money laundering standards.

Owen Odia, General Manager of Blockchain.com Africa, stated that Nigeria is one of the most important digital asset markets in Africa, and participating in ARIP is a significant step in the company's long-term commitment to the country, helping to introduce global experience in a controlled environment that supports a framework that protects consumers while encouraging responsible innovation. Over the past year, the company has obtained registration with the UK FCA, authorization under the EU MiCA framework, and a VASP license from the Cayman Islands CIMA. Founded in 2011, Blockchain.com serves over 70 jurisdictions, with more than 94 million wallets and 44 million confirmed accounts, processing over $1.1 trillion in crypto transactions.