The Securities and Exchange Commission, SEC, on Wednesday, explained that it granted approval-in-principle to two crypto exchanges recently to give Nigerian youths the opportunity for capital market participation.
The SEC on Thursday granted Busha Digital Ltd., and Quidax Technologies Ltd., “approval-in-principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP).
Dr Emomotimi Agama, Director General of SEC, gave the clarification in a statement made available in Lagos.
Agama said that in line with the desire of President Bola Tinubu to engage with the youths, it became important to create a structure that will enhance their participation, as well as other Nigerians in the market.
“It is important that we act accordingly. We can not be left out of the global phenomenon that is beginning to take shape.
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