Blockchain.com has been cleared to join the Nigerian Securities and Exchange Commission’s Accelerated Regulatory Incubation Program, or ARIP, according to Chainwire. The approval means the global crypto platform has met the SEC’s initial participation threshold and can operate within a defined sandbox while continuing to comply with ongoing regulatory conditions, testing parameters, and compliance requirements.
Through the program, Blockchain.com will work directly with the Nigerian SEC to assess digital asset business models, test safeguards, and contribute to the development of a longer-term regulatory framework. ARIP is designed for virtual asset service providers and fintech innovators, with a focus on reviewing emerging business models, operational risk, investor protection, and anti-money laundering standards.
Owen Odia, Blockchain.com’s general manager for Africa, said Nigeria is one of Africa’s most important digital asset markets and described the company’s participation in ARIP as a key step in its long-term commitment to the country. He said the process would allow the firm to bring global experience into a controlled environment while supporting a framework that protects consumers and encourages responsible innovation. Over the past year, Blockchain.com has also secured UK FCA registration, authorization under the EU’s MiCA framework, and a VASP license from the Cayman Islands Monetary Authority.
Global crypto platform Blockchain.com has been approved to join the Nigerian Securities and Exchange Commission’s Accelerated Regulatory Incubation Program, or ARIP, according to Chainwire.
The approval means Blockchain.com has satisfied the SEC’s initial participation requirements. It can now operate within the program’s defined sandbox, while remaining subject to ongoing compliance obligations, testing parameters, and regulatory conditions.
Under ARIP, Blockchain.com will work directly with the SEC to evaluate digital asset business models, test safeguards, and help shape a long-term regulatory framework.
The program is aimed at virtual asset service providers and fintech innovators. Its scope includes assessing emerging models, operational risks, investor protection measures, and anti-money laundering standards.
Owen Odia, Blockchain.com’s general manager for Africa, said Nigeria is one of the most important digital asset markets in Africa. He said participation in ARIP marks an important step in the company’s long-term commitment to the country and will help bring global experience into a controlled environment that supports a framework designed to protect consumers while encouraging responsible innovation.
Over the past year, Blockchain.com has obtained registration with the UK Financial Conduct Authority, authorization under the European Union’s Markets in Crypto-Assets framework, and a virtual asset service provider license from the Cayman Islands Monetary Authority.
Blockchain.com was founded in 2011. The company says it serves more than 70 jurisdictions, has more than 94 million wallets and 44 million verified accounts, and has processed more than $1.1 trillion in crypto transactions to date.
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