In a historic development, Quidax, an Africa-based crypto exchange platform has become the first crypto platform to be granted an operating license by the Securities and Exchange Commission (SEC).
The development signals the beginning of formal recognition and adoption of cryptocurrency amid ongoing regulatory face-off between the Nigerian government and Binance Holdings Ltd, another crypto trading platform.
Speaking on the development Quidax co-founder and CEO Buchi Okoro said the development shows that the government is open to innovation and aims to build trust in the budding crypto ecosystem.
