Nigeria sets $11.16 million capital requirement for foreign stablecoin issuers

T2Covered by 1 source · first reported by Africa: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn at 06 Nov, 06:40 UTC

Nigeria’s central bank has introduced new licencing rules requiring foreign-currency stablecoin issuers to maintain at least ₦15 billion ($11.16 million) in paid-up capital and establish local entities.

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Sources

• T2Nigeria sets $11.16 million capital requirement for foreign stablecoin issuersAfrica: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn06 Nov, 06:40