Busha Obtains Provisional License as Virtual Asset Service Provider in Nigeria
Busha has obtained provisional license as Nigeria’s pioneering Securities Exchange Commission (SEC) licensed virtual asset service provider under the Accelerated Regulatory Incubation Program.
In a statement, the cryptocurrency exchange platform said it was granted one of the first provisional licenses by the Nigerian Securities and Exchange Commission (SEC) to operate as a regulated Virtual Asset Service Provider.
This milestone is a significant step forward for both Busha and the broader Nigerian crypto community, Busha said in official statement.
From its inception over five years ago, Busha said it has prioritized security, transparency, and regulatory compliance, well ahead of any compulsory requirements.
Commenting, Michael Adeyeri, its CEO said , “Our team has been unwavering in our commitment to fostering a safe, secure, and transparent environment for all users of digital assets in Nigeria. This provisional license from the SEC is a testament to the rigorous standards we have upheld since day one.”
Millions of Nigerian crypto enthusiasts and users deserve a trustworthy, secure, and regulated environment for managing and trading digital assets. This license is not just a recognition of Busha’s efforts, but also a long-awaited move to sanitize and strengthen the cryptocurrency space in Nigeria.
By aligning with global regulatory expectations, this development is poised to benefit the Nigerian economy, bringing much-needed legitimacy and oversight to the sector.
Busha is committed to continuing its role as a responsible and positive operator in Nigeria’s capital markets. With its continued mission to provide users with a secure platform for their digital asset needs while maintaining the highest standards of regulatory compliance and operational excellence. #Busha Obtains Provisional License as Virtual Asset Service Provider in Nigeria
