Nigeria's fintech sector is transitioning from a regulatory crackdown to a controlled innovation sandbox, with the Central Bank of Nigeria's new virtual asset track signaling a pragmatic embrace of digital finance.

Evidence For

• The CBN today opened Cohort 2 of its Regulatory Sandbox Programme, featuring a Virtual Asset Service Provider (VASP) track for companies offering stablecoins, payment and settlement services, custody, and wallet management.
• Crypto companies now...