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🧵 2. Quidax co-founder Buchi Okoro believes the license signifies the government's willingness to embrace innovation and build trust in the crypto ecosystem.

🧵 3. Nigerian SEC's granting of the license is a result of years of collaborative efforts to ensure compliance and oversight in the crypto industry.

🧵 4. With the license, Quidax can now collaborate with banks under the approval of the Central Bank of Nigeria, despite lingering tensions with the SEC.

🧵 5. Nigerian government's crackdown on crypto includes detaining Binance executive, Tigran Gambaryan, over financial misconduct allegations.