Nigeria’s SEC admits Yellow Card, Blockchain Africa into crypto sandbox

Nigeria’s Securities and Exchange Commission (SEC) has admitted three additional virtual asset service providers and digital investment platforms into its Accelerated Regulatory Incubation Programme (ARIP), expanding the regulatory sandbox to 12 firms since July.
On Thursday, the SEC said it had admitted Pisi Payment Solutions, the parent company of Nigerian fintech YDPay , BC Access (Nigeria) Limited, the legal entity of Blockchain Africa—a subsidiary of global cryptocurrency exchange Blockchain—and Yellow Card, the stablecoin infrastructure startup, into the programme. 
The approvals grant the firms Approval-in-Principle (AIP) status, allowing them to operate within the sandbox’s d...