Nigeria's Quidax Becomes First Crypto Exchange to Receive Provisional License from Regulators
Quidax, an African crypto platform, has become the first in Nigeria to receive a provisional operating license as a digital assets exchange from national regulators. This move is seen as a significant step towards crypto acceptance from the government, which has historically been hostile towards the industry. Quidax co-founder and CEO Buchi Okoro sees the granting of the crypto exchange license as a result of years of collaborative effort that takes time to ensure compliance. Despite the license, relations between the crypto and the SEC remain tense, with the agency warning Nigerians of the risks of investing in crypto assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bill Laboon, Director of Education at Web3 Foundation, on Polkadot’s 1000 Referendums, Centralized Points in Decentralized Polkadot, and Sprinkling B
The Director of Education and Governance Initiatives at the one and only Web3 Foundation arrives to Cryptonews. Bill Laboon is on fire in this episode.
The road to the US election is paved with political memecoins — now down 90%
There’s still over 50 days left until the election, or as it should be known, the Superbowl for political memecoins
Brazil’s top prosecutor defends X ban, urges Supreme Court to end disputes
Sam Bankman-Fried files appeal for felony conviction