Nigeria's Tinubu Signs Executive Order to Coordinate Virtual Asset Regulation

The council will also include the Nigerian Financial Intelligence Unit and the Office of the National Security Adviser. According to BitKE, its role is to coordinate oversight as virtual assets increasingly overlap the boundaries between currencies, commodities and securities.

The order is aimed at closing regulatory gaps, combating fraud and supporting responsible innovation in what BitKE described as one of Africa's largest cryptocurrency markets. Techpoint Africa reported that the new body brings together key financial, revenue and security agencies to improve regulatory coordination.

An attacker chained six flaws to credit a pool with tens of millions of unfunded CACAO tokens, draining real assets and forcing MAYAChain to halt its network.