Defi
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
Unchained·November 6, 2026·1 min read
Nigeria's central bank now requires offshore stablecoin issuers to license locally. Rules effective Nov. 5 mandate that issuers serving Nigerians incorporate locally, hold at least 10-15 billion naira in capital, and back tokens with 2% extra reserves. This aims to regulate the stablecoin market.
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