Tinubu's Virtual Assets Executive Order Draws Industry Reaction
Nigeria's blockchain and virtual assets industry bodies SIBAN and VASPA have responded to President Tinubu's executive order on virtual assets, which ends years of inter-agency regulatory conflict over the sector. The order, which establishes a CBN-led coordination council, represents the most significant crypto policy action in Africa's largest digital-asset market.
Nigeria Crypto: an executive order lasts only as long as the president who signed it
The industry's own legal community is saying the quiet part out loud: with general elections roughly six months away, any future administration can quietly shelve this order without passing a single line through the Senate.
That's the structural fragility underneath the relief. International investors deciding where to place serious capital need a statute, not a signature.
The coordination was necessary. But a permanent framework requires the National Assembly — and nobody has announced that process has started.
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- SIBAN and VASPA react as Tinubu signs executive order on virtual assets · technext24.com · T2