Nigeria SEC Demands 400% Increase in Crypto Registration Fees, But Why?

Nigerias securities watchdog has proposed raising registration fees for crypto firms by a staggering 400% as part of a broader crackdown on the sector. The Securities and Exchange Commission (SEC) unveiled these proposed amendments. Fee Adjustments Under the proposed changes, all supervision fees for crypto platforms would be increased. Instead of the current 100,000 naira ($64) application fee and a 30 million naira registration fee, the SEC is seeking to revise the fees to 300,000 naira for each application and a hefty 150 million naira for registration. These adjustments come...


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