CBN opens second sandbox for virtual assets, data-driven finance
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria, CBN, yesterday opened applications for the second cohort of its Regulatory Sandbox Programme, introducing dedicated tracks for virtual assets and data-enabled financial services.
According to the bank, the VASP Track will support solutions involving virtual assets, stablecoins, payments, settlement, custody, wallets and related financial infrastructure requiring supervised live testing.
The Data-Enabled Financial Services Track, excluding VASPs, will focus on innovations using secure digital infrastructure and permission-based data sharing to improve financial inclusion, payments, credit, risk management, operational efficiency and consumer outcomes.
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