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Nigeria’s SEC Grants First Crypto Exchange License
Nigeria’s Securities and Exchange Commission (SEC) has issued its first provisional license to Quidax, a local crypto exchange. This move marks a major milestone in the country's digital asset industry, offering formal recognition and regulatory oversight.
With this license, Quidax can now work with banks and financial institutions, setting the stage for further growth and innovation in Nigeria’s thriving crypto sector. Despite concerns that strict regulations might limit local exchanges, Quidax's approval shows the potential for a more secure and regulated crypto environment in Nigeria.
Nigeria continues to lead in global crypto adoption, and this new regulatory framework could attract more investment to the country.
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