Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win

Yellow Card, an African stablecoin platform, is taking steps to safe a license from Nigeria’s Securities and Alternate Fee (SEC) after acquiring a Crypto Asset Service Supplier (CASP) license in South Africa. The CASP license has enabled Yellow Card to function inside South Africa’s regulatory framework, marking a major milestone in its growth throughout Africa. The corporate claims to have facilitated over $3 billion in transactions throughout 20 African nations the place it operates. The Nigeria SEC has already issued licenses to 2 regionally based digital asset exchanges, Quidax and Busha. By in search of a license in Nigeria, Yellow Card goals to strengthen its presence within the nation and supply customers with a safe and controlled platform for cryptocurrency transactions.