Nigeria's SEC grants crypto licence to Busha and Quidax
- The Nigerian SEC has granted provisional licenses to Quidax and Busha as part of its regulatory incubation program.
- The licenses aim to bring order to the crypto space in Nigeria while fostering innovation and protecting investors.
- The licenses could lead to enhanced partnerships, increased investor confidence, and expanded services in the Nigerian crypto market.
The granting of provisional licenses to Quidax and Busha by the Nigerian SEC is a positive development for the crypto industry in Nigeria. It brings regulatory clarity and investor protection while fostering innovation. However, challenges remain in aligning policies between the SEC and the CBN. Overall, this move positions Nigeria as a leader in crypto regulation and innovation in Africa.
