News Explorer — Nigeria Gives Crypto Firms One Month to Register

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Jun 26, 6:23 pm

Decrypt

Nigeria Gives Crypto Firms One Month to Register

Nigeria's Securities and Exchange Commission (SEC) has issued a 30-day deadline for cryptocurrency exchanges and traders to re-register their businesses or face enforcement actions. This move is part of Nigeria's efforts to regulate digital assets trading and amend its rules on digital assets issuance and platforms. The SEC has directed all virtual asset service providers to complete the application process on its ePortal within the given timeframe.

Nigeria's Securities and Exchange Commission (SEC) has issued a 30-day deadline for cryptocurrency exchanges and traders to re-register their businesses or face enforcement actions. This move is part of Nigeria's efforts to regulate digital assets trading and amend its rules on digital assets issuance and platforms. The SEC has directed all virtual asset service providers to complete the application process on its ePortal within the given timeframe.

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