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Home»BITCOIN NEWS»Nigeria increases capital requirements for currency dealers nearly 60-fold to $1.4 million
BITCOIN NEWS

Nigeria increases capital requirements for currency dealers nearly 60-fold to $1.4 million

By Crypto FlexsMay 25, 20241 Min Read
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Nigeria increases capital requirements for currency dealers nearly 60-fold to .4 million
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The Central Bank of Nigeria has increased capital requirements for national currency exchange operators from about $24,000 to $1.4 million. The central bank has given operators six months to comply and they must apply for a new licence. The bank’s risk management director said that street trading in foreign exchange is now (…)

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