Nigeria's SEC Approves Two Crypto Exchanges, Admits Five Firms to Regulatory Programs

The Nigerian Securities and Exchange Commission (SEC) has granted Approval in Principle (AIP) to two crypto exchanges, Busha and Quidax, under its Accelerated Regulatory Incubation Program (ARIP). Additionally, five digital assets firms, including Trovotech Ltd and Dream City Capital, have been admitted into the SEC's Regulatory Incubation (RI) program. These programs aim to regulate and oversee digital assets firms and ensure transparency and protection for supervised products and services.