Quidax Pioneers Crypto Regulation in Nigeria, Recieves SEC Approval.
On August 29, 2024, Quidax made history by becoming the first crypto exchange to receive a provisional operating license from Nigeria's Securities and Exchange Commission (SEC) as a Digital Assets Exchange. This milestone marks a significant step towards formal recognition and regulatory oversight of the cryptocurrency industry in Nigeria.
Quidax's CEO, Buchi Okoro, expressed his gratitude to the SEC for their bold move, stating, This license is a testament to our commitment to customer safety, security, and confidence. We commend the SEC for bringing order and investor protection to our industry.
With this license, Quidax can now collaborate with banks and financial institutions, subject to Central Bank approval, fostering trust and protection for crypto enthusiasts in Nigeria. This achievement is a shot in the arm for the Nigerian crypto community, acknowledging the hard work and dedication of Quidax's employees.
Quidax remains committed to innovation, security, and compliance, continuing to make cryptocurrency accessible and secure for all.