---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, Crypto Tax, Crypto Regulation, Country]
aliases: [Lagos]
created: 2026-04-23
compile_into: ""
slug: city--lagos
sources: "[./crypto-map/data.json#/NG-LA, \"https://soken.io/crypto-map/countries/lagos.html\"]"
source_url: "https://soken.io/crypto-map/countries/lagos.html"
title: "Lagos — Crypto Regulation 2026 | Soken"
description: Nigeria has a legal and regulated framework for cryptocurrencies, governed by the SEC Rules on Digital Assets 2022 and the newly assented Investments and…
scraped_at: "2026-04-23T20:06:00.426495+00:00"
entry_type_raw: city
parent_country: NG
region: africa_west
---

# Lagos — Crypto Regulation 2026 | Soken

# 🇳🇬 Lagos

Nigeria has a legal and regulated framework for cryptocurrencies, governed by the SEC Rules on Digital Assets 2022 and the newly assented Investments and Securities Bill (ISB) 2025, which updates previous securities legislation.

## Overview

|     |     |
| --- | --- |
| Status | **Legal** |
| Risk Score | 30/100 (Moderate Risk) |
| Region | africa west |
| Currency | NGN |

## Tax

|     |     |
| --- | --- |
| VAT on Crypto | No |

## Licensing

|     |     |
| --- | --- |
| Required | Yes |
| Regulator | SEC Nigeria |
| Framework | SEC Rules on Digital Assets 2022 |
| Ease | medium |
| Cost | N/A |

Licensing is required for digital asset service providers under the SEC Rules on Digital Assets 2022.

## DeFi

**Status:** regulated

DeFi activities are regulated under the SEC Rules on Digital Assets 2022, requiring compliance with existing securities laws.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the SEC framework as digital assets and must comply with licensing and AML requirements.

## NFTs

**Status:** no\_rules

No specific NFT regulation

## Mining

|     |     |
| --- | --- |
| Legal | Yes |
| Electricity | $0.15/kWh |
| Renewable | 15% |
| Infrastructure | fair |

Mining is legal but faces challenges due to relatively high electricity costs and limited renewable energy penetration.

## Geopolitics

|     |     |
| --- | --- |
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 25/100 |
| Banking Access | moderate |

Last reviewed: 2026-04-13 ·
Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/)

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