The Securities and Exchange Commission (SEC) on Thursday granted Approval-in-Principle to two Digital Asset Exchanges, marking their formal induction into the Accelerated Regulatory Incubation Program (ARIP).
The exchanges are Busha Digital Limited and Quidax Technologies Limited, both of which operate digital asset exchanges that facilitate the buying and selling of cryptocurrencies.
According to a statement by the SEC, it has also admitted five firms into the Regulatory Incubation (RI) Program, enabling them to test their business models and technological innovations under close SEC supervision.