CBN Opens Second Regulatory Sandbox Cohort for Virtual Assets and Data Services

The Central Bank of Nigeria opened applications for the second cohort of its Regulatory Sandbox Programme, with a deadline of Aug 31, 2026. The programme features two tracks: one for virtual asset service providers and related infrastructure, and another for data-enabled financial services using secure data to improve finance. Selected applicants will conduct supervised live testing of new financial products in a controlled environment.

Participation does not grant an operating license beyond the approved testing parameters. The sandbox is designed to let innovators and regulators engage during testing, with safeguards for consumer protection and financial system stability. The CBN framed the initiative as a way to promote regulatory learning and responsible innovation.