ChainCatcher news, according to Decrypt, the Nigerian Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital asset traders 30 days to re-register their businesses, or they will face the risk of enforcement action.The SEC stated that the new registration aims to amend its rules regarding digital asset issuance platforms, exchanges, and virtual asset service providers (VASP) custody. In a statement on its website, it said: "All operating and potential VASPs must access the SEC electronic portal and complete the application process within 30 days from the date of this circular."

ChainCatcher news, according to Cointelegraph, the Nigerian SEC has revised its rules regarding the issuance of digital assets, issuance platforms, exchanges, and custodians. In an official notice released to the public, the SEC outlined its plans to update these important regulations.As part of this regulatory reform, the SEC has launched a special compliance program called the "Accelerated Regulatory Incubation Program" (ARIP). This program is specifically designed for Virtual Asset Service Providers (VASP), who must complete their applications within 30 days from the date of the announcement.

ChainCatcher news, according to a notification released on Friday, Nigeria's securities regulator has proposed to increase the registration fees for cryptocurrency companies by 400% in response to the country's crackdown on the industry.The proposed amendments to the rules for cryptocurrency issuers, exchanges, and custodial platforms include an increase in all regulatory fees. The U.S. Securities and Exchange Commission (SEC) now charges an application fee of 300,000 naira (approximately $64) for each application and a registration fee of 30 million naira, and it aims to charge cryptocurrency companies a registration fee of 150 million naira.

ChainCatcher news, the Nigerian Securities and Exchange Commission (SEC) announced on Friday that Binance Nigeria Limited is neither registered nor regulated by the Nigerian SEC, making its operations in Nigeria illegal. Any members of the investing public dealing with this entity do so at their own risk.The Nigerian SEC has ordered Binance Nigeria Limited to immediately cease soliciting Nigerian investors in any form.Furthermore, the Nigerian SEC reminds Nigerian investors that investing in crypto assets carries significant risks and may result in the loss of their entire investment. (Source link)