Nigeria's SEC Tightens Crypto Trading Rules With New Fees and Capital Requirements

The Securities and Exchange Commission (SEC) has proposed new rules to regulate Nigeria's digital asset industry.

The proposed framework, released on August 20, includes higher registration fees, tougher capital requirements, and stricter protections for retail investors.

Digital asset exchanges, custodians, platform operators, offering platforms, and real-world asset tokenisation platforms would each pay a N30 million registration fee.

The SEC also wants operators to meet significantly higher minimum capital requirements before entering or continuing operations in the Nigerian market.