To print this article, all you need is to be registered or login on Mondaq.com. The expansive growth of the virtual assets industry is primarily due to the fact that they have become ubiquitous over the last few years, prompting more national and regional authorities to grapple with their regulation. With the inauguration of the Fintech Roadmap Implementation Committee in Nigeria, one of the recommended areas of implementation is to decide on the preferred classification of crypto-currencies (either as Commodities, Securities or Currency). Categorisation of these assets has been a hot topic in order to determine the legal status and how the law would apply to them in