Wire · regulatory
PRESIDENT TINUBU SIGNS EXECUTIVE ORDER ON VIRTUAL ASSETS, ESTABLISHES ...
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Fusion42 · 18 July 2026 · Fusion42 review
President Tinubu signed an executive order establishing a Virtual Asset Council to harmonise fragmented cryptocurrency and digital asset regulation across Nigeria's financial, revenue and capital markets agencies. The framework creates a coordination body chaired by the Central Bank with no new regulator, whilst establishing a regulatory sandbox and tax policy for virtual assets.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
If you're building fintech or crypto infrastructure in Nigeria, the gaps unregistered operators exploited just closed—but the door for legitimate players opened wider. You now have a single coordination point (not five competing regulators) and a sandbox to test products before full launch, plus published tax rules that replace the guessing game.
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1 source · 18 Jul 2026
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