News Explorer — Nigeria's SEC Grants Approval in Principle to Crypto Exchanges Busha and Quidax

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Aug 31, 10:50 pm

Forbes

Nigeria's SEC Grants Approval in Principle to Crypto Exchanges Busha and Quidax

The Nigerian Securities and Exchange Commission (SEC) has granted Approval in Principle (AIP) to two crypto exchanges, Busha and Quidax, under its Accelerated Regulatory Incubation Program (ARIP). Additionally, five digital assets firms, including Trovotech Ltd and Dream City Capital, have been admitted into the SEC's Regulatory Incubation (RI) program. These programs aim to regulate and oversee digital assets firms and ensure transparency and protection for supervised products and services.

The Nigerian Securities and Exchange Commission (SEC) has granted Approval in Principle (AIP) to two crypto exchanges, Busha and Quidax, under its Accelerated Regulatory Incubation Program (ARIP). Additionally, five digital assets firms, including Trovotech Ltd and Dream City Capital, have been admitted into the SEC's Regulatory Incubation (RI) program. These programs aim to regulate and oversee digital assets firms and ensure transparency and protection for supervised products and services.

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