✔ VERIFIED First reported by TechCabal · Nov 6, 06:40 UTC · updated Nov 6, 13:22 UTC
Nigeria Sets $11.16M Capital Requirement for Foreign Stablecoin Issuers
Nigeria’s Central Bank (CBN) has introduced capital and licensing rules requiring issuers of foreign-currency stablecoins, including dollar-pegged tokens such as USDT and USDC, to hold at least ₦15…
Common to all reports: Nigeria Sets · Capital · Stablecoin Issuers · CBN
Confirmed by 4 sources
- TechCabal (major outlet · Africa) · Nov 6, 06:40 UTC · read at the source
- Nairametrics (Nigeria) (other outlet (not yet rated) · Africa) · Nov 6, 08:30 UTC · read at the source
- Live Bitcoin News (low-credibility outlet · International) · Nov 6, 10:27 UTC · read at the source
- Coin Edition (auto) (crypto newsroom · International) · Nov 6, 13:22 UTC · read at the source
Reader sentiment Readers' opinions, one vote each. Not a signal.
Related
Tags: Regulation, Macro, Stablecoin, USDT, USDC
We show headlines and short excerpts only. Read the full story at the original publisher. How we verify.