Digital assets and Web3
Nigeria's digital asset regulation is moving. Your compliance should move with it.
SEC Nigeria's digital asset rules and the CBN's VASP account framework is active, not theoretical. Legum works with exchanges, wallets, and stablecoin businesses building the compliance function that licensing requires.
Serving Nigeria: CBN payment and MFB licensing, SEC digital asset registration, NDPA compliance, and AML/CFT programmes that survive an NFIU review.
The gap we close
From gray area to defined licensing track.
Digital asset regulation in Nigeria has gone from informal to codified faster than most teams have built for it. A business that was operating in a gray area two years ago now has a defined licensing track, defined AML expectations, and a defined Travel Rule obligation, and "we will deal with it when they ask" is no longer a viable compliance posture. Legum builds the AML programme, the licensing documentation, and the ongoing monitoring that a VASP application and a VASP licence both require.
What we do for digital assets
Eight workstreams.
- 01
Digital Asset Compliance Diagnostic
A scored assessment against SEC Nigeria's digital asset rules and the CBN's VASP account framework.
- 02
VASP/CASP Regulatory Mapping
A clear picture of which obligations apply to your specific business model.
- 03
Crypto AML Framework
AML and CFT controls built for on-chain and off-chain risk.
- 04
Travel Rule Readiness
The processes and documentation the Travel Rule requires.
- 05
Sanctions Risk Assessment
Screening and monitoring built to withstand regulatory review.
- 06
Stablecoin Regulatory Assessment
A dedicated review for stablecoin issuers and facilitators.
- 07
Digital Asset Licensing Roadmap
The staged path from unlicensed to VASP-approved.
- 08
Fractional MLRO
A named, accountable compliance officer, part-time, for businesses not yet ready to hire one full-time.
Who this is for
Licensing, AML, and stablecoins.
VASPs preparing a licence application, exchanges and wallet providers formalizing an AML programme, and stablecoin businesses assessing their regulatory footprint in Nigeria.
Where to start
Legum provides regulatory and compliance advisory services. Where a matter requires licensed legal representation, we will say so clearly before work begins.