Nigeria Senate Passes Second Reading of Crypto Regulatory Bill Requiring Exchange Licenses on June 16

According to Premium Times, Nigeria's Senate passed the second reading of a cryptocurrency regulatory bill on June 16, requiring crypto exchanges to obtain licenses and comply with transparency and regulatory standards. The bill, proposed by Deputy Senate President Barau Jibrin, establishes a comprehensive regulatory framework for virtual assets and service providers. The bill has been submitted to the Capital Market Committee for further review within four weeks.
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