Luno Nigeria First Global Crypto Exchange Admitted into SEC's ARIP

Luno Nigeria has become the first global cryptocurrency exchange to be accepted into the Securities and Exchange Commission's (SEC) Accelerated Regulatory Incubation Programme (ARIP).

The approval marks a significant milestone for the company as it continues to operate within Nigeria's evolving digital asset regulatory framework.

Luno, which entered the Nigerian market in 2015, said admission into ARIP means it has met the SEC's requirements to participate in the programme and is authorized to operate within its approved scope.

Ayotunde Alabi, chief executive officer of Luno Nigeria, described the approval as 'an important milestone for Luno Nigeria and a strong validation of our commitment to building responsibly in one of Africa's most important cryptocurrency markets.'