Nigeria's SEC requires cryptocurrency companies to complete registration within 30 days, or face enforcement action

ChainCatcher news, according to Decrypt, the Nigerian Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital asset traders 30 days to re-register their businesses, or they will face the risk of enforcement action.

The SEC stated that the new registration aims to amend its rules regarding digital asset issuance platforms, exchanges, and virtual asset service providers (VASP) custody. In a statement on its website, it said: "All operating and potential VASPs must access the SEC electronic portal and complete the application process within 30 days from the date of this circular."