‘Anti-Innovation’: Experts Slam Nigeria’s ‘Disproportionate’ Capital Requirements for Crypto Firms

The Nigerian SEC has sharply raised minimal capital necessities for digital asset companies, with providing platforms now needing about $704,000 and exchanges and custodians $1.4 million. Consultants describe new capital necessities as “anti-innovation,” and warn that they might drive expertise overseas. Important Hikes in Capital Calls for The Nigerian Securities and Trade Fee’s (SEC) revised minimal […]



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