SEC Grants Approval to Busha Digital, and Quidax Technologies as Part of Digital Asset Innovation

Written on 30/08/2024
Zawya

In a move to foster innovation and enhance investor protection in Nigeria's capital market, the Securities and Exchange Commission (SEC) has granted approvals to Busha Digital Limited and Quidax Technologies Limited.

The approvals were announced in a statement released on Thursday in Abuja. These companies are part of a broader cohort that includes two digital asset exchanges, four digital asset offering platforms, and one digital asset custodian, as the SEC continues its commitment to deepening the capital market through digital innovation.



The SEC said, “Busha operates a digital exchange that facilitates the buying and selling of crypto assets with fiat currency.

“It enables individuals and businesses in Nigeria and other developing economies to access basic digital asset investment services.

“Busha’s customers use mobile and web applications to buy, sell, store, send, receive, trade, invest, and make payments in cryptocurrencies.

“Quidax Technologies Limited operates a cryptocurrency trading platform in Nigeria. The platform leverages blockchain technology to list and trade already issued crypto tokens (assets).

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