Yellow Card Crypto Exchange to pursue licensing plans in Nigeria
Following the Central Bank of Nigeria’s reversal of the cryptocurrency transaction ban for banks, Yellow Card Exchange, a Pan-African crypto trading platform, is actively seeking licensing in the nation. Yellow Card to expand operations in Nigeria Yellow Card Exchange, driven by its mission to dominate the African market, is actively exploring strategies to capitalize on the first-mover advantage through the pursuit of licensing . While being a key player in Africa, delivering experiences akin to Jack Dorsey’s Cash App, Yellow Card has faced limitations in Nigeria due to regulatory uncertainties. This scenario is set to shift, as affirmed by Ogochukwu Umeokafor, the exchange’s Director of Product Management. In a phone interview with Bloomberg, Ogochukwu stated: “You’ve waited for something and it has come true, and we’ll jump on it immediately. We want a regulated environment because it’ll help the business move; it will help peopl...