The Central Bank of Nigeria (CBN) recently launched a regulatory pilot program targeting Virtual Asset Service Providers (VASPs), with KuCoin being the only global crypto exchange among the first participating institutions. The pilot focuses on Anti-Money Laundering (AML), Counter-Terrorism Financing (CFT), and Counter-Proliferation Financing (CPF) compliance, aiming to strengthen risk management in the digital asset industry and align with international standards like those of the Financial Action Task Force (FATF). Participating institutions are required to regularly submit regulatory data and advance compliance practices in key areas such as corporate governance, transaction monitoring, sanctions screening, and the cross-border transaction 'Travel Rule.' https://(wublock123.com)/news/news-59013