Defi

Nigeria Sets $11.16 Million Capital Floor for Foreign-Currency Stablecoin Issuers

TokenPost·November 8, 2026·1 min read

Nigeria set an $11.16 million capital floor for foreign-currency stablecoin issuers. Platforms matching peer-to-peer trades need CBN approval and must match naira account names against users' BVNs before releasing regulated tokens. The regulation aims to enhance oversight and security in the stablecoin market.

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