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

Moussa by Moussa
March 17, 2024
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Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country
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Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the CountryThe 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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