President Tinubu signs executive order to unify Nigeria’s virtual assets regulation
- President Bola Tinubu signed the Presidential Executive Order on Virtual Assets Coordination, 2026.
- The executive order establishes a Virtual Asset Council to improve regulatory coordination among key agencies.
- The council will be chaired by the Central Bank of Nigeria (CBN) and aims to address overlapping regulatory responsibilities.
The establishment of a coordinated regulatory framework for cryptocurrencies in Nigeria is a significant step towards fostering innovation while ensuring consumer protection. However, the success of this initiative will largely depend on the effective collaboration and execution by the newly formed Virtual Asset Council. It is crucial for stakeholders to remain engaged and monitor the implementation process to ensure that it meets the evolving needs of the digital asset ecosystem.
