Nigerias SEC issues first license to local crypto exchange
As the regulatory environment continues to evolve, other local exchanges will likely follow Quidaxs lead and seek to meet the SECs requirements.
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As the regulatory environment continues to evolve, other local exchanges will likely follow Quidaxs lead and seek to meet the SECs requirements.
This lawsuit comes amid the Nigerian governments increasingly hostile stance toward cryptocurrencies.
As the protest continues, whether crypto-specific demands will be integrated into the broader movements objectives remains to be seen.
The act of goodwill has gone viral on social media, restoring Nigerians trust in the crypto community.
OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigerias currency and laundering money.
Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny.
Coinbase CEO Brian Armstrong has dismissed reports of his cryptocurrency exchange being blocked by Nigerian authorities. He emphasized that Coinbase products are fully operational in Nigeria without any interruptions. “We have not received any outreach or communication from officials in Nigeria,” the Coinbase executive affirmed. Meanwhile, Binance has reportedly admitted that some users in Nigeria [...]
The post Coinbase CEO Says No Access Block in Nigeria, Platform Operating Normally appeared first on Crypto Breaking News.
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