Full List: SEC Releases Names of 5 Cryptocurrency Companies Approved to Operate in Nigeria [Video]

• Securities and Exchange Commission (SEC) is working to legalise cryptocurrency transactions in Nigeria
• To achieve its objective, the commission, as approved in principle, crypto exchange companies to operate
• Nigeria has one of the highest numbers of crypto adopters globally, with transactions reaching over $56 billion

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Securities and Exchange Commission (SEC) has released the list of cryptocurrency companies authorised to operate in Nigeria.

The approval comes amid ongoing efforts to regulate digital assets.

According to a statement from the SEC, it has granted approval in principle to two digital asset exchanges, Busha Digital Limited and Quidax Technologies Limited, to begin operations under its Accelerated Regulatory Incubation Program (ARIP).

Five firms were also admitted to testing their models and technologyunder its regulatory incubation …