The Nigeria Securities and Exchange Commission has updated its guidelines for cryptocurrency service providers in a bid to deter “criminal elements” from participating in capital markets. The guidance includes a manual on anti-money laundering (AML) measures and combating the financing of terrorism (CFT) rules. It is reported that the Nigeria Securities and Exchange Commission has also developed a new AML/CFT/CPF manual for licensing/registration and ongoing screening of digital and VASP beneficial owners to ensure that criminals do not register as operators in the capital market. (CoinDesk)