Yellow Card Seeks Exchange License as Nigeria Lifts Crypto Ban

Pan-African exchange Yellow Card Financial Inc. will “immediately” apply for a license in Nigeria after the country’s central bank lifted a ban on cryptocurrencies that was imposed in 2021.

“You’ve waited for something and it has come true and we’ll jump on it immediately,” Ogochukwu Umeokafor, director of product management at Yellow Card, said in a phone interview from London. “We want a regulated environment because it’ll help the business move; it will help people have more confidence in doing business with us.”

Africa-focused Yellow Card, which operates in Nigeria and at least 15 other countries on the continent, had ...