Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.
Regulators and government officials have been cracking down on the crypto industry as the country's currency weakens to record lows.
Nigeria's securities watchdog proposed a 400% increase to registration fees for crypto firms as the country cracks down on the sector, according to a The proposed amendments to the rules for crypto issuers, exchanges and custody platforms include increases to all supervision fees. Instead of a 100,000 naira application fee and a 30 million naira registration fee, the Securities and Exchange Commission now wants 300,000 naira with every application and hopes to charge crypto firms a 150 million registration fee.
The proposals come as the Nigerian naira weakens to record lows against the dollar, with the government blaming the crypto industry forThe SEC also proposed doubling the minimum paid-up capital requirement for interested crypto service providers to 1 billion naira. The proposals"to rearrange" the rules are to"provide clarity to the market as well as to incorporate suggestions from industry stakeholders particularly with regards to the recent engagements with the ," the SEC said.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Akira Toriyama Based 'Dragon Ball' on This 400-Year-Old StoryStay up to date with new movie news, watch the latest movie trailers & get trusted reviews of upcoming movies & more from the team at Collider.
Les mer »
Walmart to open a milk processing plant and create 400 jobs south of WacoIt’s common for traditional grocers such as Kroger, Albertsons and H-E-B to have their own milk processing plants. Walmart is just getting into the business.
Les mer »
More than 400 detained in Russia as country mourns the death of Alexey NavalnyA prominent rights group says over 400 people have been detained in Russia while paying tribute to opposition leader Alexey Navalny.
Les mer »
400 kids get free dental care during 'Give Kids A Smile' eventEighty dentists, 20 hygienists and hundreds of community volunteers from across the Wasatch Front provided underprivileged families with free dental care for their children Saturday. It's become an annual event at the University of Utah's School of Dentistry.
Les mer »
2024 Ambetter Health 400 - February 25, 2024View 2024 Ambetter Health 400 race, qualifier and practice leaderboards, live streams, bonus cameras, videos and odds information.
Les mer »
2024 Pennzoil 400 prop bets: NASCAR odds, predictions for Las VegasLas Vegas Motor Speedway is the site of this weekend’s NASCAR Cup Series race.
Les mer »