The Nigerian Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital asset traders 30 days to re-register their businesses or risk enforcement action, BlockBeats reported.
The announcement is part of Nigeria’s plan to regulate digital asset trading. The SEC said the new registration is intended to amend its rules on digital asset issuance, offering platforms, exchanges, and custody of virtual asset service providers (VASPs).
“All operating and potential VASPs are required to complete the application process by visiting the SEC’s electronic portal within 30 days of the date of this circular,” the commission said in a statement on its website.
