The Nigerian Securities and Exchange Commission has granted Quidax, a cryptocurrency exchange based in Africa, its first provisional operating license.
This is seen as a significant step towards recognizing and regulating the country’s digital asset industry. In a press release shared with Cointelegraph, Quidax announced that it has been approved by the SEC to operate as a registered crypto exchange in Nigeria.
According to Quidax, the approval from the SEC is a major boost for the Nigerian crypto community, encouraging them to continue innovating and expanding.
Quidax’s CEO and co-founder, Buchi Okoro, praised the SEC, specifically under the leadership of Emomotimi Agama, for taking decisive action to bring order, confidence, and protection to the Nigerian crypto industry.
