Nigeria Grants First Local Crypto Exchange License to Quidax

Aug 27, 2024, 03:09 PM

Nigeria's Securities and Exchange Commission has granted a provisional operating license to Quidax, marking it as the first local cryptocurrency exchange in the country. This move allows Nigerian citizens access to crypto trading through a regulated platform. The CEO of Quidax praised the government for its support of innovation, highlighting a shift from previous punitive measures to a more supportive regulatory environment. This development is seen as a positive step towards fostering innovation and capital in Nigeria's crypto sector.