Guidelines on Operations of Bank Accounts for Virtual Asset Service Providers

Central Bank of Nigeria Guideline
Summary

Lifted the 2021 restriction: permits banks to open designated naira accounts for SEC-licensed VASPs subject to enhanced due diligence, transaction monitoring and no cash withdrawals from such accounts.

Applicability

Banks; SEC-licensed VASPs and digital asset operators.

Open Source Document ↗
Document Details
Date Issued
22 Dec 2023
Date Effective
22 Dec 2023
Compliance Deadline
← Back to Vault