PANews reported on August 19 that according to Cointelegraph, the Nigerian Securities and Exchange Commission (SEC) issued the first temporary operating license to African cryptocurrency exchange Quidax, a milestone move in Nigeria's booming cryptocurrency industry. This key development marks the beginning of the country's digital asset industry receiving formal recognition and much-needed regulatory supervision.
Earlier news came out that Nigeriaâs tax regulator plans to introduce a crypto bill in September.
