Zap Africa, a leading Nigerian cryptocurrency exchange, has achieved a major milestone by obtaining an EU Virtual Asset Service Provider (VASP) licence. This validates Zap Africa's commitment to regulatory compliance and strengthens their credibility and reputation as a trustworthy and secure digital asset platform in the global crypto ecosystem.
The VASP licence encompasses various businesses in handling cryptocurrencies, such as exchanges, wallets, and custodian services. It's a broad category that regulatory bodies use to oversee these crypto-related entities which subjects them to rigorous requirements aimed at safeguarding user assets and promoting transparency.
Tobi Asu-Johson, the CEO and co-founder of Zap Africa, had this to say after achieving such an incredible milestone for Zap; “Securing the EU VASP License demonstrates our dedication to compliance and credibility within the global crypto space. Beyond European markets, it signifies opportunities for strategic collaborations and market expansion. This milestone solidifies our position as a leading player in Nigerian FinTech, where we prioritise innovation and user protection.”
Zap Africa’s innovative and user-centric approach, caters to the growing demand for secure and reliable cryptocurrency services in Nigeria and beyond. With the VASP licence, the company is well-positioned to explore new avenues for growth, partnerships, and product offerings in the rapidly evolving digital asset landscape.
To learn more about Zap, visit - https://zap.africa.
