Founded in 2008, AV is one of the most active and influential Mexican VC firms in Latin America. The Firm invests in early-stage to early-growth companies by becoming a leading Series Seed and Series A investor in startups that drive innovative business models tailored for the Latin American market. They manage two investment funds (one of them in the divestment period) and strive to perform the best possible investments by attracting best-in-class entrepreneurs, applying exhaustive and progressive methodologies to assess opportunities, and leveraging intangible assets to boost portfolio returns, all while being compliant with major global standards for VC practices.
Nigeria’s Securities and Exchange Commission (SEC) published the “New Rules on Issuance, Offering Platforms and Custody of Digital Assets” on its website.
The 54-page document lays out registration requirements for digital assets offerings and custodians and classifies the assets as securities regulated by the SEC.
The Nigerian Securities and Exchange Commission states in its 2020 ruling that crypto assets are by default securities unless proven not to be by the issuer. Under its rules, crypto-assets fall into four categories and depending on the classification, are subject to different taxes. Non-fiat virtual currencies are commodities and so are utility tokens that have no security characteristics.
Tokens that represent physical underlying assets, shares in companies, dividends or any of the characteristics traditional securities have are deemed securities. Derivatives (LPs, ETF tokens, leveraged ones, etc.) are classified as investments.
The SEC said no digital assets exchange would be allowed to facilitate the trading of assets unless it had received a “no objection” ruling from the commission.
The list of requirements can be found here
– Anti Money Laundering
– Use in Retirement accounts
Notable Hacks / Frauds / Scams
Uganda police arrested crypto scammers
The central Bank of Uganda invited the Blockchain Association to join the regulatory Sandbox