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Nigeria’s central bank and securities agency are creating digital currency rules to manage rapid crypto growth and unregulated platforms.
Nigeria’s Central Bank, led by Governor Olayemi Cardoso, is partnering with the Securities and Exchange Commission to create a regulatory framework for digital currencies amid the country’s rapid growth as a global crypto hub.
Cardoso cited widespread adoption, regulatory gaps, and the rise of unregulated platforms like Binance as drivers for coordinated oversight.
The CBN is advancing a balanced approach that supports innovation, financial stability, and digital transformation, including full digitization of operations and exploration of a central bank digital currency.
Meanwhile, Owenize Odia, now leading Blockchain.com’s African expansion, continues efforts to boost crypto access through education, partnerships, and infrastructure like Lagos-based hubs, aiming to empower young people with trusted, inclusive digital finance tools.
El banco central y la agencia de valores de Nigeria están creando reglas de moneda digital para gestionar el rápido crecimiento de las criptomonedas y las plataformas no reguladas.