Nigeria Crypto Regulation Timeline

Key dates for SEC Nigeria's incubation programmes for virtual asset service providers.

1. 1 Jun 2024Rules

   ARIP Framework

   SEC framework for the accelerated onboarding of VASPs and digital investment service providers (June 2024).

   Source: ARIP framework official

2. 29 Aug 2024Sandbox

   Sandbox Cohort 002/24 Starts

   Five VASPs begin a year-long Regulatory Incubation test period.

   Source: SEC FinPort official

3. 28 Aug 2025Deadline

   Sandbox Test Period Ends

   End of the test period for cohort 002/24.

   Source: SEC FinPort official

4. 2 Jul 2026ARIP admission

   Seven Firms Cleared for ARIP

   Bitbarter, Luno Fintech Nigeria, GetEquity, Koinkoin, Wrapped CBDC, Trovotech, Blockvault.

   Source: SEC circular official

5. 3 Jul 2026ARIP admission

   Two More Firms Cleared

   GIGX Technologies and KuCoin Nigeria Limited.

   Source: SEC circular official

6. 13 Aug 2026ARIP admission

   Three More Firms Cleared

   Pisi Payments, BC Access (Nigeria), Yellow Card (YC) Financial.

   Source: SEC press statement official