Nigeria’s President Bola Tinubu has signed an executive order targeting regulatory gaps in a crypto market that received about $59 billion in inflows between July 2023 and June 2024, according to the International Monetary Fund.
Summary
- Tinubu’s executive order coordinates crypto oversight without creating a new regulator.
- Nigeria will tighten registration, tax reporting and supervision of virtual asset firms.
- IMF data shows Nigeria received $59 billion in crypto inflows within one year.
Tinubu’s office said the order will coordinate digital asset oversight across Nigeria’s financial, tax and capital market agencies while preserving the legal powers of each…
