Nigeria’s Securities and Exchange Commission (SEC) plans to accelerate the issuance of crypto licences in 2025 as part of its efforts to regulate the cryptocurrency market and protect consumers. The regulator aims to expedite approvals to address the need for clear regulations in a largely unregulated market.
Since launching the Accelerated Regulatory Incubation Programme (ARIP) in June 2024, the SEC has granted provisional licenses to two Nigerian crypto startups, Quidax and Busha. At a December 2024 workshop, the SEC indicated it would “move a lot quickly” in issuing further provisional licences in 2025, according to a person familiar with the matter.
Story extracted from Techcable
Link
https://techcabal.com/2025/02/06/sec-to-issue-crypto-licences-faster/
