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Nigeria Crypto Regulation

Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ Economy & Trade

4 articles from 1 country

Nigerian President Bola Tinubu has signed an executive order to create a unified regulatory framework for virtual assets. The order establishes a new supervisory architecture and a council to harmonize crypto regulation and combat associated risks.

๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria/English

Tinubu signs crypto, virtual assets regulation order

- Nigerian President Bola Tinubu has signed an executive order to create a unified regulatory framework for virtual assets. - The order aims to strengthen oversight, protect investors, and combat financial crimes within the country's digital asset ecosystem. - A new Virtual Asset Council, chaired by the Central Bank of Nigeria, will coordinate regulatory activities among agencies.