Exclusive: Two crypto startups submit licence application to Nigerian SEC
- Two crypto startups in Nigeria have applied for licences from Nigeria’s Security Exchange Commission (SEC) after the central bank lifted its 2-year ban on crypto-related bank accounts.
- Yellow Card is reportedly in talks with regulators and recently announced a partnership with Coinbase.
- Experts believe that crypto startups need to improve their user experience to attract more users.
The lifting of the ban on crypto-related bank accounts by Nigeria's Central Bank is a positive development for the crypto industry in the country. However, for crypto startups to truly succeed, they need to focus on improving the user experience and making their platforms more accessible and user-friendly. This will help attract more users and drive adoption of cryptocurrencies in Nigeria.
