According to a Bitpush News report, the **Nigerian Securities and Exchange Commission (SEC)** has granted a 30-day period for cryptocurrency exchanges and digital asset dealers to re-register their businesses, failing which they risk enforcement action. The commission stated in a declaration on its website: “All operational and potential VASPs must visit the SEC electronic portal website within 30 days from the date of this circular to complete the application process.” This announcement is part of Nigeria’s regulatory plan for digital asset transactions. The agency indicated that the new registration is intended to amend its rules regarding the issuance of digital assets, platform provision, exchanges, and custody by Virtual Asset Service Providers (VASP).
Last year, this African nation ranked second in the Chainalysis global cryptocurrency adoption index.
**Tags:**
SEC, Nigeria
**Source Link:**
Decrypt Article on Nigeria SEC Crypto Registration Requirement
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All articles on Bitpush represent the views of the authors and do not constitute investment advice.
**Original Article Link:**
Bitpush Original Article
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