TechFlow reports that the Nigerian Securities and Exchange Commission (SEC) has required cryptocurrency exchanges and digital asset traders to re-register their businesses within 30 days, or face enforcement actions.
The Nigerian SEC stated that the new registration aims to amend its rules regarding digital asset offerings, trading platforms, exchanges, and custodianship for Virtual Asset Service Providers (VASPs).
Nigeria, one of Africa's most populous countries, ranked 11th in Chainalysis' 2022 Global Crypto Adoption Index.




