Nigeria: CBN Begins Anti-Money Laundering Oversight On Crypto Firms

Nigeria: CBN Begins Anti-Money Laundering Oversight On Crypto Firms

The Central Bank of Nigeria has commenced a pilot supervisory programme targeting selected Virtual Asset Service Providers (VASPs).

KuCoin Named Only Global Exchange to Participate in CBN Virtual Asset Supervisory Pilot, Reinforcing Global Compliance Strategy

PROVIDENCIALES, Turks and Caicos Islands, April 2, 2026 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, has been invited to participate in a supervisory pilot programme launched by the Central Bank of Nigeria (CBN) targeting Virtual Asset Service Providers (VASPs). KuCoin is the only global exchange included in the initial cohort of invitees, which also features regional financial technology and digital asset firms. The …

KuCoin picked for Nigeria’s virtual asset pilot as sole global exchange

The Central Bank of Nigeria has launched a pilot supervisory program for Virtual Asset Service Providers and selected a first cohort of six entities, with KuCoin standing out as the only global crypto exchange on the list. According to local…

What does CBN's new supervision pilot for VASPs bring to the ecosystem

On the last day of March, the Central Bank of Nigeria (CBN) announced it is rolling out an AML/CFT/CPF supervisory pilot for a select group of Virtual Asset Service Providers (VASPs) in the country. According to the Apex bank, the new Anti-Money Laundering, Counter-Financing of Terrorism, and Counter-Proliferation Financing regulatory framework is in line with the Money Laundering (Prevention and Prohibition) Act 2022, the CBN Act, and the Banks…

CBN Shortlists cNGN, Flutterwave, Others for Virtual Asset Supervision

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has selected cNGN, Flutterwave, Juicyway, KoinKoin, KuCoin, and Paystack for the initial phase of its pilot supervision programme for virtual asset service providers (VASPs). In a statement, the apex bank said the initiative was part of efforts to strengthen oversight of anti-money laundering (AML), counter-terrorism financing […]

Nigerian Regulators Select Private Companies to Oversee Crypto in New Pilot Programme

The Central Bank of Nigeria this week announced a group of virtual asset service providers, including cNGN (a regulated, blockchain-based stablecoin pegged 1:1 to the Nigerian Naira), Flutterwave, Juicyway, KoinKoin, KuCoin and Paystack, for a new pilot supervision programme aimed at strengthening oversight around anti-money laundering and counter-terrorism financing risks linked to digital asset activities. Rather than introducing another ban o…