AN OVERVIEW OF THE CENTRAL BANK OF NIGERIA GUIDELINES ON OPERATIONS OF BANK ACCOUNTS FOR VIRTUAL ASSETS SERVICE PROVIDERS (VASPs) IN NIGERIA

Introduction The Central Bank of Nigeria released new Guidelines on December 22nd, 2023 (FPR/DlR/PUB/ClR/002/003) reviewing its initial restrictions on the facilitation of cryptocurrency transactions by financial institutions in Nigeria. The guidelin...