Wire · regulatory
Nigerian president signs order on approach to crypto regulation, taxes
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Fusion42 · 20 July 2026 · Fusion42 review
Nigeria's president signed an executive order establishing a virtual asset council to harmonise crypto regulation across financial, revenue, and capital markets agencies, with the tax authority updating digital asset policies. The move aims to close regulatory gaps that allowed unregistered operators to escape oversight while enabling responsible innovation in a market that accounts for 60% of sub-Saharan Africa's stablecoin inflows.
This Wire brief sits within Fusion42's coverage of Fintech, and 7 sources have reported it between 18 Jul 2026 and 24 Jul 2026.
◆ ◆ The Wire takeaway
If you're running a crypto or stablecoin business in Nigeria, the gaps you've been operating in just closed—but a single rulebook across agencies now exists where there wasn't one before. Your compliance costs go up, but so does your legal certainty and your ability to scale without regulatory arbitrage.
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7 sources · first reported 18 Jul 2026 · latest 24 Jul 2026
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