“In 2023 alone, Nigerians traded over $56 billion worth of cryptocurrency — despite the lack of clear legal backing.”
Let that sink in for a moment.
That’s not just a number. It’s a signal, a loud one, that digital assets have a solid grip on Nigerian investors. And now, in 2025, we’re finally seeing real legal structure catch up to this momentum.
If you’ve been wondering, “Is crypto legal in Nigeria 2025?” or “What exactly is the SEC Nigeria crypto regulation all about?” you’re in the right place.
Let’s unpack the big changes, what they mean for you, and how to invest in crypto from Nigeria the right way.
Why Crypto Regulation Matters in Nigeria
For years, crypto existed in a gray area in Nigeria. Not illegal, but not quite legal either.
The Central Bank of Nigeria (CBN) famously restricted crypto-related transactions in 2021, directing banks to shut down accounts associated with digital currency platforms. This made many investors cautious, and understandably so.
People were left wondering: “Am I breaking the law if I buy Bitcoin?” or “What happens if the government cracks down again?”
The confusion also created room for fraudsters to thrive. Ponzi schemes. Fake coins. Platforms that disappeared overnight. Without a clear framework, investor protection was almost nonexistent.
But 2025 is not 2021.
What Changed? The ISA 2025 and Its Big Reveal on Crypto
Enter: The Investments and Securities Act (ISA) 2025.
This new law is a game-changer. It repeals the old ISA 2007 and modernizes Nigeria’s investment landscape, finally bringing crypto into the legal conversation.
For the first time ever, digital assets — including cryptocurrencies and tokens — are legally recognized as securities under Nigerian law.
Yes, that means crypto investment in Nigeria now has legal backing.
So, What Does That Mean for Crypto?
It means order.
If a crypto platform wants to operate legally in Nigeria, it must register with the Securities and Exchange Commission (SEC). No exceptions.
There are now clear rules for platforms to follow — rules that protect users, encourage innovation, and clean up the industry.
In other words, we’ve moved from Wild West to well-regulated.
How Does SEC Regulation Protect You as an Investor?
Regulation isn’t just about control, it’s about protection.
The SEC now has authority to crack down on Ponzi schemes, pump-and-dump tokens, and unregistered exchanges. This gives you, the investor, a safer environment to explore digital assets.
Key Protections You Should Know About
- SEC oversight on crypto platforms: No more anonymous operations. If it’s legal, it’s visible.
- Mandatory registration: Platforms must undergo due diligence before they can operate.
- Enforcement tools: The SEC can penalize bad actors swiftly.
- Legal Entity Identifiers (LEIs): These make it easier to track, verify, and hold platforms accountable.
The net effect? More trust. More transparency. More safety.
Can You Now Invest in Crypto Through Cowrywise?
Let’s be clear: Cowrywise does not currently offer crypto investments.
We’re a regulated, SEC-licensed platform focused on traditional wealth-building products.
But here’s the exciting part — we welcome the clarity that ISA 2025 Nigeria brings to the table. As a fintech company committed to helping Nigerians build wealth, we see potential for future expansion into crypto… the right way.
What Cowrywise Offers Today
While crypto is not (yet) in our product lineup, we offer trusted, high-performing alternatives like:
- Naira & Dollar Mutual Funds
- Emergency Savings Plans
- Halal Investment Options
- Sprout: Savings for Business Owners
- Money Duo & Nest (for Families & Kids)
- Money Circles for Sports & Shared Goals
All built for Nigerian savers. All backed by our SEC license.
What to Look Out for Before Investing in Crypto
If you’re planning to dive into crypto now that there’s clarity, here’s how to stay safe:
- Use SEC-licensed platforms only. Don’t skip this step. it’s your first line of protection.
- Avoid promises of guaranteed returns. If it sounds too good to be true, it probably is.
- Verify platform security. Look for data protection policies, multi-factor authentication, and regulatory disclosures.
And most importantly, ask questions.
Final Thoughts – Regulation is a Good Thing
Let’s be honest — crypto is here to stay. Nigerians know it. The world knows it.
With the ISA 2025, Nigeria is no longer playing catch-up. We’re creating a real path for digital asset innovation. A safer space for investors. A stronger foundation for fintech growth.
Whether you’re a seasoned trader or just curious about your first token, this new regulation changes everything.
Ready to Start Investing Safely?
Want to start with something regulated and rewarding?
Join Cowrywise today and explore mutual funds, dollar investments, and other safe, SEC-compliant products designed for the Nigerian investor.
We’re licensed. We’re trusted. And we’re here to help you grow crypto or not.
