Tinubu Launches Framework to Regulate Virtual Assets and Curb Crypto Fraud

President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026. It creates a Virtual Asset Council to harmonise oversight by the CBN, SEC, NRS and other agencies. The order sets up a secretariat at the Central Bank and launches a regulatory sandbox for testing blockchain solutions. Tax guidelines and a forthcoming Virtual Assets White Paper will further clarify obligations and long-term policy. No new regulator is established. Existing agencies retain their powers, with the Council resolving overlaps and strengthening information sharing across the digital economy.

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