Wire · regulatory
Nigeria issues virtual assets directive
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Fusion42 · 20 July 2026 · Fusion42 review
Nigeria's President Tinubu signed an executive order establishing a Virtual Asset Council to coordinate crypto regulation across the Central Bank, tax authority, securities regulator, and financial intelligence unit, aiming to harmonise rules, reduce fraud, and encourage innovation.
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 building fintech in West Africa, Nigeria just stopped the fragmentation that was letting you skate between regulators. You now need a single registration across tax, banking, and securities - the compliance cost just went up, but so did your moat against unregulated competition.
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7 sources · first reported 18 Jul 2026 · latest 24 Jul 2026
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