The world of cryptocurrency in Nigeria is evolving, especially with the Securities and Exchange Commission (SEC) introducing the Accelerated Regulatory Incubation Program (ARIP) to oversee the operations of virtual asset service providers. Major players in the crypto space, like Quidax and Busha, have already joined the program. However, Binance, one of the largest cryptocurrency exchanges globally, has laid out two specific conditions that need to be addressed before it can register under this regulatory framework.The Two Major ConditionsRelease of a Binance . foremedia Executive : Binance is currently pushing for the release of its executive, Tigran Gambaryan, who was detained by Nigerian authorities on charges related to foreign exchange manipulations. The company views his release as a critical precondition to any registration or participation in Nigeria’s regulatory framework Res...
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