Stablecoins
Nigeria's central bank sets ₦15 billion capital rule for foreign-currency stablecoin issuers and bans algorithmic tokens
The Central Bank of Nigeria has introduced stablecoin licensing rules that require foreign-currency issuers to hold at least ₦15 billion in capital and prohibit algorithmic stablecoins. Naira-backed stablecoin issuers must hold ₦10 billion, and other regulated virtual asset providers ₦1 billion.
Sources
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