Nigeria’s SEC grants provisional crypto licences to Quidax and Busha
- Nigeria's SEC has granted provisional licenses to Quidax and Busha, two digital asset exchanges.
- The licenses are part of the SEC's Accelerated Regulatory Incubation Program (ARIP).
- This marks a major policy turnaround for crypto exchanges in Nigeria.
The granting of provisional licenses to Quidax and Busha by Nigeria's SEC is a positive development for the crypto industry in Nigeria. It shows a shift in policy towards embracing and regulating cryptocurrencies, providing transparency and protection for users. This move is likely to boost confidence in the local crypto market and attract more participants.
