The Business NG - August 30, 2024Add to Favorites

The Business NG - August 30, 2024Add to Favorites

انطلق بلا حدود مع Magzter GOLD

اقرأ The Business NG بالإضافة إلى 9,000+ المجلات والصحف الأخرى باشتراك واحد فقط  عرض الكتالوج

1 شهر $9.99

1 سنة$99.99

$8/ شهر

(OR)

اشترك فقط في The Business NG

سنة واحدة $49.99

يحفظ 51%

شراء هذه القضية $0.99

هدية The Business NG

7-Day No Questions Asked Refund7 أيام بدون أسئلة
طلب سياسة الاسترداد

 ⓘ

Digital Subscription.Instant Access.

الاشتراك الرقمي
دخول فوري

Verified Secure Payment

تم التحقق من أنها آمنة
قسط

في هذه القضية

SEC Grants Legal Status to Quidax and Busha as Crypto Exchanges in Nigeria

The Nigerian Securities and Exchange Commission (SEC) has granted Approval-in-Principle to Quidax and Busha, recognizing them as legally authorized crypto trading platforms in the country. This move is a significant step towards regulating the cryptocurrency market in Nigeria.

The two exchanges were approved under the Accelerated Regulatory Incubation Program (ARIP) of the Commission. Additionally, four other companies have been admitted to test their models and technology under the Regulatory Incubation (RI) Program. These companies are Trovotech Ltd, Wrapped CBDC Ltd, Dream City Capital, and (link unavailable) Ltd.

The SEC emphasized that only approved digital exchanges and platforms are legally authorized to carry out crypto trading in Nigeria. The Commission warned the public to refrain from dealing with illegal operators and advised investors to confirm the legitimacy of entities providing investment services.

This development is a positive step towards regulating the cryptocurrency market in Nigeria, which is expected to hit $52.5 million in 2028. The SEC's move is seen as a response to the growing demand for cryptocurrency trading in the country, despite the initial negative posture of the Nigerian authorities.

The Business NG Newspaper Description:

الناشرTuns Media & Comm Enterprise

فئةNewspaper

لغةEnglish

تكرارSemi-Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level

  • cancel anytime إلغاء في أي وقت [ لا التزامات ]
  • digital only رقمي فقط
MAGZTER في الصحافة مشاهدة الكل