VASPA Submits Landmark Policy Advisory to EFCC, Charting a Course for a More Secure Virtual Asset Sector in Nigeria
The Virtual Asset Service Providers Association (VASPA), an Africa-focused advocacy group, is pleased to announce the...
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VASPA Launches to Power Africa’s Digital Finance Future
Author
VASPA Admin
Post Date
October 10, 2025
Africa’s Premier Industry Body Unites Innovators, Regulators, and Investors to Shape the Continent’s Virtual Asset Ecosystem
On June 1, 2025, the Virtual Asset Providers Association of Nigeria (VASPA) officially launches as Africa’s foremost coalition of virtual asset service providers (VASPs), blockchain innovators, fintech leaders, technology legal luminaries, and policymakers—ushering in a new era of secure, innovative, and inclusive digital finance across the continent.
Springing from Lagos, Nigeria, VASPA emerges as a critical alliance to achieve the following
- Advocate for balanced regulation that fosters innovation while protecting users.
- Drive interoperability between African virtual asset markets.
- Combat fraud through industry-wide security standards.
- Position Africa as the next frontier for blockchain-powered growth.
Why VASPA? Why Now?
“Imagine a future where Africa’s virtual asset industry blazes with innovation, fueled by unbreakable trust and unstoppable collaboration. A future where the specter of fraud and scams is all but eradicated, thanks to the unwavering unity of good actors who refuse to let bad ones tarnish their mission.”
— Senator Ihenyen, Executive Chair, VASPA
- Regulatory Clarity & Compliance: VASPA will work with relevant African regulatory bodies and global organizations, such as the Financial Action Task Force (FATF), to draft Africa’s first Code of Conduct for VASPs, covering:
- AML/CFT frameworks tailored to African realities.
- Consumer protection guidelines.
- Tax compliance best practices.
- Market Expansion & Liquidity: Through partnerships with Pan-African fintechs, banks, and blockchain networks, VASPA will:
- Pilot cross-border stablecoin corridors.
- Launch a liquidity alliance to deepen African crypto markets.
- Education & Trust: VASPA’s Trust Seal certification will help users identify compliant platforms, while its Digital Asset Literacy Program targets 1 million Africans by 2026.
Inaugural Members & Partners
VASPA opens membership to:
- Leading African exchanges
- Payment processors
- Blockchain protocols
- Technology innovators
- Regulatory advisors and firms
- Other Virtual Asset Service Providers
- Academia and research bodies within the ecosystem
Join the Movement
Apply now at https://vaspa.org/become-a-member or contact us for media inquiries via (+234) 916 4618 395 or email: info@vaspa.org.
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