The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, inviting banks, fintechs, virtual asset service providers (VASPs), financial institutions and technology companies to test innovative financial solutions under regulatory supervision. The Virtual Asset Service Provider (VASP) track targets companies developing or providing stablecoin services, payment and settlement solutions, digital asset custody, wallets and related financial infrastructure. CBN, SEC tighten grip on digital assetsThe sandbox comes as Nigeria moves to establish clearer regulatory boundaries around the rapidly expanding digital asset industry. The new sandbox complements the SEC’s Accelerated Regulatory Incubation Programme (ARIP), which has admitted digital asset companies for supervised regulatory testing, TechCabal reported. Nigerian crypto firms get an opportunity as CBN launches Sandbox scheme.