Browsing Tag
licensing
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Nigeria’s VASP licensing fees are ‘economically unrealistic,’ stakeholders say
While Nigeria’s move toward legally recognizing and licensing digital asset firms is a great leap for the industry, the prohibitive fees are unrealistic for the local players, one analyst says.Nigeria’s Securities and Exchange Commission (SEC) published its proposed rules for virtual asset service providers (VASPs) in mid-2022. The rules included licensing fees, capital requirements, operational guidelines and