Nigeria’s virtual-asset rules involve more than one regulator. That can make the system hard for users and businesses to follow.
The 2026 Virtual Assets Coordination Order created a council led by the CBN, with the SEC, Nigeria Revenue Service, NFIU and ONSA involved. Its aim is to align oversight, reduce fraud risks and support responsible innovation. The CBN is also proceeding with a virtual-assets sandbox.
For users, the practical takeaway is simple. Use platforms that explain their services, verification steps, fees and support process clearly. Regulation does not remove every risk, but clearer coordination makes accountability easier to demand.
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