coin-img-OWLOWL+0.39%coin-img-FOGOFOGO-0.32%coin-img-SPORTFUNSPORTFUN-11.56%coin-img-XUEQIUXUEQIU-7.89%coin-img-ETHETH+1.33%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.44%coin-img-XRPXRP+1.65%coin-img-OWLOWL+0.39%coin-img-FOGOFOGO-0.32%coin-img-SPORTFUNSPORTFUN-11.56%coin-img-XUEQIUXUEQIU-7.89%coin-img-ETHETH+1.33%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.44%coin-img-XRPXRP+1.65%coin-img-OWLOWL+0.39%coin-img-FOGOFOGO-0.32%coin-img-SPORTFUNSPORTFUN-11.56%coin-img-XUEQIUXUEQIU-7.89%coin-img-ETHETH+1.33%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.44%coin-img-XRPXRP+1.65%coin-img-OWLOWL+0.39%coin-img-FOGOFOGO-0.32%coin-img-SPORTFUNSPORTFUN-11.56%coin-img-XUEQIUXUEQIU-7.89%coin-img-ETHETH+1.33%coin-img-BTCBTC+0.46%coin-img-SOLSOL+1.44%coin-img-XRPXRP+1.65%
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Owotunse Adebayo

Nigeria SEC sets ₦2 billion capital bar for crypto firms, industry split on 2027 deadline

The Securities and Exchange Commission of Nigeria has updated its crypto capital rule, raising the minimum capital requirement for firms to two billion naira with a compliance deadline of June 30, 2027. Supporters argue the move will strengthen investor protection and reduce systemic risks, while critics warn it could stifle innovation and push smaller local operators out of the market.
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