Golden Finance reports that the Nigeria Securities and Exchange Commission (SEC) has updated its cryptocurrency rules to add requirements for cryptocurrency-related marketing promotions by virtual asset service providers (VASPs) and social media influencers. In its revised digital asset rules, the SEC said VASPs that hire third-party service providers to promote their crypto products must “obtain prior approval from the Commission.” The rules also require VASPs to ensure that third-party providers comply with marketing rules established by the SEC. The rules apply to any VASP providing services to residents of the country and are scheduled to come into effect on June 30, 2025.