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Last updated: June 18, 2025, 08:13  |  Written by: Marc Andreessen

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Nigeria is planning to push a law to legalize the usage of bitcoin and cryptocurrencies, backpedaling its stance on the industry.

A local Nigerian newspaper has reported that Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and Institutions of Nigeria

Hace 14 horas The confusion stems from a long-standing tug-of-war between regulators. In 2025, the Central Bank of Nigeria (CBN) issued a directive barring financial institutions from

The Central Bank Of Nigeria

An arduous transition awaits Bitcoin businesses, as they now have a clear path to formalize their operations by seeking the appropriate licenses (when available) from

The Central Bank of Nigeria’s initiative to launch the national digital currency, eNaira, proved to be a complete failure. The government decided to allow the usage of Bitcoin

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According To Local Media Reports

Nigerian Gov Passes Law Recognizing Bitcoin As A Security - Forbes

Bitcoin: Nigeria Considering To Legalize Crypto Usage

According to local media reports, Nigeria, a country in West Africa, will shortly enact a law recognizing the use of Bitcoin and other digital currencies to stay current

Nigeria

Nigeria Mulls Bill To Legalize Bitcoin And Other Cryptos: Report

Nigeria Seeks to Legalize Bitcoin, Crypto Usage With New Bill

Nigeria's Chairman of the House of Representatives Committee on Capital Market and Institutions, Babangida Ibrahim, revealed despite the country banning cryptos in

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