Nigerian SEC Grants Approval-in-Principle to Two Crypto Exchanges
- The SEC has granted 'Approval-in-Principle' to two crypto exchanges, Quidax and Busha.
- The SEC has admitted five more companies into its Regulatory Incubation (RI) Program.
- The SEC aims to bring order to the largely unregulated market and understand the risks and opportunities presented by new technologies.
The approval of Quidax and Busha by the SEC is a positive development for the Nigerian crypto sector. It brings legitimacy and stability to the market, allowing these exchanges to operate with confidence. The SEC's efforts to regulate the market and understand new technologies will benefit both users and future regulatory policies.
