Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country

by CryptoExpert

March 17, 2024

in Regulation

Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country

The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase in the registration fee, which must be submitted alongside license applications from prospective crypto exchanges. Proposed Regulations to Foreign Operators Targeting Nigerian Users According to […]

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