Nigeria is reshaping its crypto regulations as CBN and SEC unite to craft a balanced, innovation-driven digital finance framework.
Nigeria’s Central Bank (CBN) and Securities and Exchange Commission (SEC) have partnered to create a sustainable framework for digital currencies and crypto regulation — a major shift under President Bola Tinubu’s administration. This move signals Nigeria’s renewed commitment to innovation, financial stability, and a more inclusive digital economy.
Announced by CBN Governor Olayemi Cardoso at Lagos Business School, the partnership aims to ensure innovation thrives within a secure, well-regulated environment. It also reverses restrictive policies from the past, when banks were banned from crypto dealings, discouraging startups and investors.
Since 2023, regulators have embraced collaboration, allowing the SEC to lead Nigeria’s evolving crypto landscape. Experts believe this unified approach could attract global investment, strengthen fintech growth, and position Nigeria as Africa’s blockchain innovation hub.
With clear, adaptive rules in the works, Nigeria’s crypto policy shift could become a model for other African nations seeking smart digital regulation.
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