SEC Raises Crypto Startup Capital Thresholds, SiBAN Calls for Tiered Model
Nigerian crypto startups face increased minimum capital requirements from the SEC, raising thresholds to ₦2 billion ($1.4 million) for Digital Asset Exchanges and Custodians. Stakeholders in Blockchain Association of Nigeria (SiBAN) argues this disproportionately burdens early-stage startups, proposing a tiered system with lower thresholds for innovation and growth tracks. The group seeks extended implementation timeline and regulatory working group for adaptive policy refinement.
SOURCE: https://techcabal.com/2026/02/18/siban-asks-sec-to-review-2bn-capital-bar/