Tinubu Orders Tighter Scrutiny Of Cryptocurrency and Digital Payments
As digital currencies reshape global finance, Nigeria is moving to tighten oversight amid concerns about financial crimes and consumer protection.
President Bola Tinubu has directed the Central Bank of Nigeria (CBN) and other regulatory agencies to intensify monitoring cryptocurrency transactions and digital payment platforms.
The move signals the government’s determination to balance innovation in the fast-growing fintech sector with safeguards against money laundering, fraud, and market abuse.
Nigeria is one of the world’s leading adopters of digital assets, with millions turning to cryptocurrencies for remittances, savings, and trading.
However, the sector has also raised alarm over unregulated activities threatening financial stability.
Tinubu’s directive comes as regulators face mounting pressure to enforce compliance, protect investors, and ensure that emerging technologies support rather than destabilise, Africa’s largest economy.
