Nigeria equates cryptocurrencies to securities

16.05.2022 08:44 (Updated 07.10.2022 10:10)
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by Anđelija Anđelić
1 min read

Nigeria equates cryptocurrencies to securities

The Nigerian Securities and Exchange Commission (SEC) has published new rules for regulating cryptocurrencies and equated them to securities.

The rules include registration requirements for trading platforms. Exchanges must have a minimum paid-in capital of $1.2 million.

Registered sites are required to provide the regulator with a list of assets and obtain approval for each. The SEC is asking exchanges to adhere to “fair, reasonable and transparent” fee policies.

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

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