Blockchain.com seeks SEC Nigeria license
Blockchain.com plans to obtain approval from the Securities and Exchange Commission to operate a cryptocurrency exchange as part of its efforts to make the country its African headquarters. Country Head Michael Emeeka said the platform selected the location based on widespread digital literacy and rapid adoption of technology among residents. The company operates more than 80 million crypto wallets worldwide, with significant numbers from the continent.
The country leads Africa and ranks second globally, after India, in cryptocurrency adoption, according to adoption data. General Manager for Africa, Owenize Odia, confirmed the license application has been submitted to align with local requirements. Compliance Officer Serena Braide said operations follow international financial standards with customer verification and transaction monitoring systems. The commission granted preliminary approval to Quidax and Busha exchanges last year under its incubation program.
