
KEY POINTS
- From a $63 filing fee, the Nigerian SEC wants it to be hiked to $190
- It seeks to increase the processing fee to $635 from $190
- Crypto platforms have been accused of pushing the Nigerian naira down
Nigeria's Securities and Exchange Commission (SEC) sought a 400% hike in registration fees for crypto exchanges as part of its proposed changes to its rules for platforms offering services on cryptocurrency and digital assets.