Quidax Granted Operating License by Nigeria's SEC

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. License Acquisition
  2. Quidax Leadership Opinion
  3. Impact on the Crypto Community


    4. African-founded cryptocurrency exchange Quidax has received a provisional operating license from Nigeria’s Securities and Exchange Commission (SEC).

    License Acquisition

    On Thursday, Quidax announced that it has become the first crypto exchange to receive a provisional operating license from Nigeria’s SEC. This license allows Quidax to function as a registered crypto exchange under the nation’s formal recognition and regulatory oversight of the cryptocurrency industry.

    Quidax Leadership Opinion

    Buchi Okoro, Co-founder and CEO of Quidax, stated, “At Quidax, the customer is our priority; every decision we make is to ensure that customers transact on our platform easily, safely, and with confidence. We commend the SEC under the leadership of Dr. Emomotimi Agama for taking the bold step to bring order, confidence, and investor protection to our industry. This is a big win for Nigeria’s embrace of crypto, and we are glad to be a part of this historical moment.”

    At Quidax, the customer is our priority; every decision we make is to ensure that customers transact on our platform easily, safely, and with confidence.Buchi Okoro

    Impact on the Crypto Community

    With the license granted by Nigeria’s SEC, Quidax is now able to collaborate with banks and other financial institutions, subject to the Central Bank of Nigeria’s approval. This license also fosters trust in cryptocurrency and protection for crypto enthusiasts in Nigeria. In an email sent out earlier today, Quidax thanked all of its customers and employees who have supported the business since the beginning. The email also restated Quidax’s unwavering commitment to innovation, security, and compliance.

    The provisional license from Nigeria's SEC marks a significant step in the development and regulation of cryptocurrencies in Africa, providing trust and protection for all market participants.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

CryptoBilis Case Exposes Vulnerabilities in Hardware Wallets

The CryptoBilis case reveals vulnerabilities in hardware wallets, leading to $90 million in losses due to tampered devices.

user avatarMaria Gutierrez

California Reaches $500,000 Settlement with Fidelity Over Crypto Withdrawal Restrictions

California has reached a $500,000 settlement with Fidelity Digital Asset Services regarding restrictions on crypto withdrawals.

user avatarAndrew Smith

Anthropic Uncovers Seed Generation Method for NIST Elliptic Curves

Anthropic's Claude has reconstructed the seed generation process for several widely used NIST elliptic curves, addressing a long-standing question in cryptography.

user avatarJacob Williams

XRP Ledger Validators Advance Maintenance Amendment Amid Challenges for Lending Features

XRP Ledger validators have advanced the fixCleanup340 amendment, clearing the 80% support threshold for activation, while lending features face governance challenges.

user avatarZainab Kamara

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.