CBN begins virtual asset anti-money laundering supervision, names Paystack, Flutterwave for pilot

The Central Bank of Nigeria (CBN) is tightening its grip on virtual asset activity by commencing an Anti-Money Laundering, Counter-Financing of Terrorism, and Counter-Proliferation Financing (AML/CFT/CPF) supervision pilot, involving a select group of Virtual Asset Service Providers (VASPs).