Nigeria’s central bank opens regulatory sandbox to virtual asset firms
The sandbox marks Nigeria’s latest move to regulate the virtual asset industry. The CBN will now oversee virtual assets used for payments, including stablecoins, payment, settlement, custody, wallet management, and other transaction-based infrastructure services. The Nigerian Securities and Exchange Commission (SEC) will oversee digital assets that behave like securities.
Record details
Published: 12 August 2026
Source: TechCabal (Africa)
Category: News
Topics: Regulation
Retrieved: 13 August 2026
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How to cite this record
ethics.ai (12 August 2026), “Nigeria’s central bank opens regulatory sandbox to virtual asset firms,” evidence record 19007, https://ethics.ai/record/19007 (originally published by TechCabal (Africa)).
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