Nigeria Remains a Crypto Leader Despite Regulatory Turbulence

[ed]

Nigeria ranks 6th globally in Chainalysis’ 2025 crypto adoption index, reflecting its massive user base and grassroots digital-asset activity.
However, the country’s regulatory environment has become increasingly aggressive:

A revamped SEC rulebook restricting ads and marketing

An $81.5B lawsuit against Binance over alleged naira manipulation

Tax and compliance crackdowns across exchanges

Despite this, officials insist legitimate crypto companies are free to operate. Nigeria’s SEC recently said it remains open to compliant stablecoin businesses, a stance that may help new payment products like RedotPay’s gain traction.

[Nahid Hossen]

Instant NGN transfers powered by Ripple and RedotPay — huge win for users.