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President Tinubu’s Virtual Asset Regulatory Framework Moves to Harmonise Oversight for Web3’s Virtual Assets
The new structure creates the Virtual Asset Regulatory Authority (VARA), jointly led by the Central Bank of Nigeria (CBN) and the Nigeria Revenue Service (NRS) for non-security assets like stablecoins, payment tokens, and related services.
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President Tinubu’s Virtual Asset Regulatory Framework Moves to Harmonise Oversight for Web3’s Virtual Assets
The new structure creates the Virtual Asset Regulatory Authority (VARA), jointly led by the Central Bank of Nigeria (CBN) and the Nigeria Revenue Service (NRS) for non-security assets like stablecoins, payment tokens, and related services.
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