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Nigeria’s crypto firms face $744,000 capital rule as CBN, SEC divide oversight

Nigeria’s crypto firms face $744,000 capital rule as CBN, SEC divide oversight
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Cryptocurrency companies licenced by Nigeria’s Securities and Exchange Commission (SEC) will need separate central bank approval and at least ₦1 billion ($744,000) in additional capital to offer certain stablecoin payment, remittance, and custody services under new regulations. The Central Bank o...

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