Support Power's expansion of Busha into the UK

crypthub

1 day ago

Partnership Overview

Busha, a Nigerian SEC‑licensed crypto exchange, is launching services in the United Kingdom through a partnership with Uphold. The two firms will connect Busha’s customer app directly to Uphold’s on‑chain infrastructure, allowing UK users to buy, sell and hold multiple digital assets. The move targets families with ties to both Africa and the UK, expanding Busha’s reach beyond its million‑plus African customers. Service availability begins immediately for UK residents.

Regulatory and Compliance

Busha secured a provisional licence under Nigeria’s crypto framework and faced extensive UK regulator requirements for its launch. Rather than build its own registration, Busha chose Uphold, which already holds FCA registration and follows a compliance‑first approach. Uphold’s experience with UK regulators enabled the partnership to meet legal standards within months. This collaboration ensures both firms operate under strict anti‑money‑laundering and consumer‑protection rules.

Future Outlook and Company Profiles

Beyond the consumer offering, Busha is exploring a B2B model to provide international payment services to other platforms. Uphold provides modern on‑chain payment, banking and investment infrastructure to millions across more than 140 countries and is regulated in the US, UK and Europe. Both companies emphasize transparency, publishing real‑time asset data and adhering to rigorous financial standards. The partnership aims to accelerate the adoption of digital assets across borders.