![Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million](https://static.news.bitcoin.com/wp-content/uploads/2024/05/shutterstock_2083613065-768x432.jpg)
The Central Bank of Nigeria has increased the capital requirements for national bureau de change operators from approximately $24,000 to $1.4 million. The central bank has given operators a six-month period to comply and they must apply for new licenses. The bank’s director for risk management stated that street trading of foreign exchange is now […]