✔ VERIFIED First reported by Crypto.news · Nov 6, 13:02 UTC · updated Nov 7, 05:00 UTC
REGULATION | Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans Algorithmic Tokens
The Central Bank of Nigeria has introduced new licensing and capital requirements for stablecoin issuers requiring foreign-currency-backed token providers to maintain at least $11 million in paid-up…
Common to all reports: Nigeria · Sets · 15 · Capital · Stablecoin
Confirmed by 3 sources
- Crypto.news (crypto newsroom · International) · Nov 6, 13:02 UTC · read at the source
- NewsCord (other outlet (not yet rated) · International) · Nov 6, 17:21 UTC · read at the source
- BitKE Africa (crypto newsroom · Africa) · Nov 7, 05:00 UTC · read at the source
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Tags: Regulation, Macro, Stablecoin
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