A whopping one million naira ($620) is now required as processing fee.
The purpose of these revisions, according to the SEC, is to increase transparency.
The SEC in Nigeria has suggested an increase in the registration cost for cryptocurrency exchanges from 30 million naira ($18,620) to 150 million naira ($93,000), as part of an update to the regulations that govern platforms providing crypto services.
According to the SEC, the purpose of the proposed amendments was to clarify things and include feedback from those involved in the business, “particularly with regard to the recent engagements with the CBN [Central Bank of Nigeria].”
Significant Hike
On Friday, March 15, 2024, the Nigerian SEC proposed revising the regulations that it had first published in May 2022, which applied to all providers of crypto and digital assets. The application price for digital asset exchanges, offering platforms, and custodians has been increased from 100,000 naira ($62) to 300,000 nai
We współpracy z: https://thenewscrypto.com/nigerian-sec-proposes-significant-fee-hikes-for-crypto-exchanges/
