Nigeria's SEC proposes to increase crypto exchange registration fees from N30m to N150m and adjust application and processing fees.

Nigeria's SEC proposes to increase crypto exchange registration fees from N30m ($18,620) to N150m ($93,000), and adjust application and processing fees, in response to industry feedback and engagement with the Central Bank of Nigeria. The changes aim to provide clarity and align with evolving market dynamics and regulatory standards. The updated guidelines require digital asset exchanges, offering platforms, and custodians to pay these fees.

March 16, 2024
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