CBN introduces N15bn capital requirement for dollar-backed crypto operators in Nigeria
The Central Bank of Nigeria, CBN, has introduced a minimum capital requirement of N15 billion for companies seeking to issue foreign currency-backed stablecoins, including digital currencies such as USDT and USDC, as part of efforts to regulate Nigeria's growing virtual asset market. The apex bank disclosed this in its new 169-page Regulations for the Operations of Non-Security Virtual Assets in…
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