Nigeria's Central Bank taps KuCoin as sole global exchange for virtual asset supervisory pilot
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Promote with Leviathan NewsNigeria banned crypto banking in 2021, detained Binance execs in 2024, and is now handing KuCoin sole-global-exchange status in a CBN supervisory sandbox — a full arc in five years driven almost entirely by FATF grey list pressure (exited Oct 2025). Lumping KuCoin with Flutterwave and Paystack in the same cohort confirms CBN already tracks crypto volume flowing through traditional fintech rails and wants eyes on both sides of the on/off-ramp. Monthly reporting plus Travel Rule implementation on cross-border transfers gives CBN a surveillance window into offshore volume without granting an actual license — compliance theater that doubles as genuine intelligence gathering.
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