Glossary

Approval-in-Principle

A step towards a licence, not a licence. The regulator is saying a company has met the entry requirements and can continue. Busha and Quidax got one from the SEC in 2024. Platforms often describe it as being licensed, which is not what it means.

ARIP
VASP
SEC Nigeria

All glossary terms

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Approval-in-Principle

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