Quidax becomes first cryptocurrency exchange in Nigeria to receive provisional operating license from Securities and Exchange Commission
is the first digital asset exchange in Nigeria to receive a provisional operating license from the country's Securities and Exchange Commission .This shows that Nigeria's approach to monitoring and controlling the rapidly growing cryptocurrency market has taken a significant turn. As a registered cryptocurrency exchange, Quidax can now operate in Nigeria thanks to the SEC's license, which officially heralds the beginning of the acceptance of digital assets there.
The fact that Quidax is so successful also speaks to a broader global trend of governments getting more active in the cryptocurrency space. As governments and financial regulators around the world grapple with how to integrate cryptocurrencies into the established financial system, Nigerians move to license a local exchange that could position the country as a leader in cryptocurrency regulation on the continent.
Quidax's accomplishment is expected to establish a standard for the secure handling and exchange of virtual assets within a regulated and controlled setting, thereby significantly influencing the trajectory of cryptocurrencies in Nigeria. As the sector grows, the collaboration of regulatory bodies and industry players like Quidax will be essential in defining the course of digital finance in the region.
Polygon Productions, The World’s Most Immersive 360° Live Sound Experience Set to Debut at AFTER 2049, Singapore’s Biggest Pre-Formula 1 Grand Prix Party
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Did VanEck and 21Shares pull Solana ETF applications, here’s what to expectSolana (SOL) Exchange Traded Funds (ETFs) appear to have been removed from the website of exchange operator Chicago Board Options Exchange (CBOE).
Read more »
Tokamak Energy advances vanadium alloys development for fusion breeder blanketsTokamak Energy secures DOE INFUSE award to advance oxidation-resistant vanadium alloys for fusion reactors.
Read more »
Donald Trump Says Kamala Harris' Nomination 'Not Fair'Trump claims Democratic 'coup' as Harris leads in crucial states and secures key GOP endorsements.
Read more »
Akron Public Schools seeing positive results from cell phone banStudents use a Yondr pouch which safely secures their phone throughout the day.
Read more »
U.S. Women's Rugby Secures Their First Bronze Medal At 2024 Paris OlympicsBy Mohamed Bahaa In an intense and unforgettable match at the 2024 Olympics, the U.S. women's rugby team captured their first-ever Olympic medal, clinching bron
Read more »
Noah Lyles Secures His First Gold Medal With 100m WinAfter Noah Lyles admitted the competition stunned him a bit in qualifying heats, he was all speed in the final.
Read more »