Nigerian SEC new regulation: Digital asset platform capital threshold raised to 2 billion Naira

PANews January 18 News, according to TechCabal, the Nigerian Securities and Exchange Commission (SEC) has issued new regulations. Under the new framework, digital asset exchanges and digital asset custody institutions that operate trading venues and safeguard users’ digital assets must maintain a minimum capital requirement of 200 million Naira (approximately $1.4 million), up from the previous 500 million Naira. In other categories, digital asset issuance platforms (DAOP) and RWA tokenization platforms are required to have a minimum capital of 1 billion Naira, while digital asset intermediaries and related service providers must have capital ranging from 300 million to 500 million Naira. The new regulations require these institutions to meet the standards by June 30, 2027, or face potential suspension or revocation of their licenses.