CBN Tightens Stablecoin Rules, Demands ₦15bn Capital From Foreign-Currency Issuers

What’s being reported

The Central Bank of Nigeria (CBN) has introduced stringent capital, reserve and operational requirements for stablecoin operators, setting a minimum capital threshold of ₦15 billion for companies issuing foreign-currency-backed digital tokens in Nigeria. The new framework, which also requires issuers of naira-backed…