✔ VERIFIED First reported by The Block · Nov 6, 11:48 UTC · updated Nov 6, 13:57 UTC
Nigeria sets new crypto licensing rules, bans algorithmic stablecoins
Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.
Common to all reports: Nigeria · 15
Confirmed by 5 sources
- The Block (crypto newsroom · US) · Nov 6, 11:48 UTC · read at the source
- CoinCentral (low-credibility outlet · International) · Nov 6, 12:30 UTC · read at the source
- Crypto.news (crypto newsroom · International) · Nov 6, 13:02 UTC · read at the source
- Crypto News (low-credibility outlet · International) · Nov 6, 13:02 UTC · read at the source
- Cointelegraph (crypto newsroom · Europe) · Nov 6, 13:57 UTC · read at the source
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Tags: Regulation, Macro, Stablecoin
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