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.
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Nigeria’s central bank opens regulatory sandbox to virtual asset firms
T
TechCabal
Afrika2063
August 12, 2026
Imported
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 servic
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