Nigeria’s SEC proposes crypto exchange registration fee hike from N30 million to N150million
The Securities and Exchange Commission (SEC) of Nigeria has proposed a revision to the regulations governing platforms providing cryptocurrency services. This includes a proposal to increase the registration fee for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000). Nigeria’s SEC has increased the registration fee for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000).Digital asset exchanges, (DAX) digital asset offering platforms (DAOP), and digital asset custodians (DAC), will now pay a filing/application fee of ₦300,…
