The Nigerian Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital asset traders 30 days to re-register their businesses or risk enforcement action. The announcement is part of Nigeria's plan to regulate digital asset trading. The SEC said the new registration is aimed at amending its rules on the issuance, provision of platforms, exchanges, and custody of virtual asset service providers (VASPs) for digital assets. "All operational and potential VASPs are required to visit the SEC electronic portal to complete the application process within 30 days of the date of this circular," the commission said in a statement on its website.