Nigeria’s crypto firms face $744,000 capital rule as CBN, SEC divide oversight

T2Covered by 1 source · first reported by Africa: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn at 06 Nov, 07:40 UTC

The framework draws a clearer regulatory boundary for crypto businesses that combine trading with payments, requiring companies operating across both markets to secure authorisation from each regulator. It also raises compliance costs, prohibiting firms from counting the same capital toward their…

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Sources

• T2Nigeria’s crypto firms face $744,000 capital rule as CBN, SEC divide oversightAfrica: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn06 Nov, 07:40