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Nigeria's central bank sets 15bn naira capital floor for foreign stablecoin issuers

NewsFeeds update

The Central Bank of Nigeria's regulations for non-security virtual asset operations require foreign currency stablecoin issuers to hold at least 15bn naira in paid-in capital and P2P trades to verify BVN. The CBN will oversee non-security virtual assets and stablecoins used for payments, settlement and remittances, while the SEC keeps oversight of securities.

RegulationOdailyAIBearish

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.