Insights

Discover insights, opinions, and updates from across Africa’s virtual asset ecosystem. Through thought pieces, news highlights, and expert commentary, we explore the policies, innovations, and people shaping the continent’s digital finance landscape.

Building Africa’s Digital Infrastructure: VASPA Activates Standing Committees and Technical Working Groups

Following a transformative first half of 2026—marked by the landmark Builders Accord in January, the rollout of Project Green-White-Green compliance frameworks in March, and the inauguration of its new executive leadership in April—the Virtual Asset Service Providers Association (VASPA) has officially shifted from strategic alignment to active, continent-wide execution. To drive this next phase of growth and ensure a collaborative approach to governance, the VASPA Secretariat has unveiled a hybrid governance structure. The association is activating its permanent Standing Committees alongside agile, project-focused Technical Working Groups. This engine room will turn technical talent into tangible market infrastructure, directly shaping the future of Africa’s digital economy. The Architecture: Permanent Standing CommitteesDesigned for long-term advocacy, policy continuity, and building institutional memory, these permanent organs serve as VASPA’s strategic pillars: Ecosystem Growth & Advocacy Committee: Focused on forging deep institutional partnerships and building trust-based pathways between native virtual asset entities, traditional banking networks, and global capital allocators.Policy & Regulatory Affairs Committee: Spearheads VASPA’s official compliance positions, interfacing directly with central banks, securities commissions, financial intelligence units (FIUs), and pan-African policymakers.Professional Development & Standards Committee: Governs long-term curriculum architecture, professional standards, and mainstream credentials designed to upskill African web3 and compliance talent. The Action: High-Velocity Technical Working GroupsTo...

VASPA Welcomes the Central Bank of Nigeria’s Payments System Vision 2028

The Nigerian financial landscape has reached a defining milestone. On 1 June 2026, the Central Bank of Nigeria (CBN) officially launched the Nigeria Payments System Vision 2028 (PSV 2028) in Abuja FCT. As an organization dedicated to fostering trust, clarity, and innovation, the Virtual Asset Service Providers Association (VASPA) extends its warmest congratulations to the Governor of the CBN and his entire leadership team. This visionary policy document marks a monumental step forward in anchoring Nigeria's financial ecosystem for global competitiveness, sustainable economic growth, and structural resilience. The Five Strategic Pillars of PSV 2028The new framework outlines a highly adaptive roadmap designed to modernize payments, safeguard consumers, and foster secure ecosystem expansion. The PSV 2028 is solidly built upon five strategic pillars: Infrastructure Development: Upgrading and expanding the fundamental hardware and software systems that power real-time payments across the nation.Digital Financial Inclusion and Consumer Protection: Ensuring that secure financial tools reach unbanked and underserved populations while maintaining rigid standards of safety and transparency.Innovation and Emerging Technologies: Embracing next-generation software architectures and platforms to drive operational efficiency.Cross-Border Payments and Digital Assets: Streamlining regional and global liquidity flows and integrating digital assets into mainstream economic pathways.Regulation, Risk Management, and Cybersecurity: Mitigating systemic vulnerabilities, combating financial...

CBN Commences AML/CFT/CPF Supervision Pilot for Select VASPs in Nigeria

Abuja FCT, Nigeria — On March 31, 2026, the Central Bank of Nigeria (CBN) issued a press release announcing the commencement of an Anti-Money Laundering, Counter-Financing of Terrorism, and Counter-Proliferation Financing (AML/CFT/CPF) Supervision Pilot for a select group of Virtual Asset Service Providers (VASPs).

# FAQs

Answers to Your Most Common Questions

VASPA is the Virtual Asset Service Providers Association, a platform uniting virtual asset stakeholders in Africa to promote trust, innovation, and collaboration in the industry.

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