According to BlockBeats, on April 2nd, the Central Bank of Nigeria (CBN) recently launched a regulatory pilot program for Virtual Asset Service Providers (VASPs). The first batch of participating institutions includes several regional fintech and digital asset companies, with KuCoin being the only global trading platform selected. The pilot program focuses on anti-money laundering (AML), counter-terrorism financing (CFT), and counter-proliferation financing (CPF) compliance, aiming to strengthen risk management and regulatory capabilities in the digital asset industry. Participating institutions are required to conduct structured regulatory communications and submit regulatory data regularly.
KuCoin CEO BC Wong stated that constructive regulatory dialogue is a crucial foundation for the long-term sustainable development of the digital asset industry, and the company will continue to strengthen communication and cooperation with global regulatory agencies to promote transparency and improve risk management capabilities.
The market generally believes that this selection reflects KuCoin's continued progress in advancing its compliance strategy globally, and also demonstrates that Nigeria is moving towards a more systematic and forward-looking stage in digital asset regulation.