🔴 What does the Central Bank of Nigeria’s stablecoin licensing mean?
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📰 On November 5, the Central Bank of Nigeria began licensing stablecoin issuers in two categories: naira-pegged and foreign currency-pegged, with capital requirements of 15 billion naira and written approval required for each token before issuance. The rules banned algorithmic currencies and gave existing operators 180 days to apply for licenses.
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━━━━━━━
📰 On November 5, the Central Bank of Nigeria began licensing stablecoin issuers in two categories: naira-pegged and foreign currency-pegged, with capital requirements of 15 billion naira and written approval required for each token before issuance. The rules banned algorithmic currencies and gave existing operators 180 days to apply for licenses.
━━━━━━━
📍 Like the content? Like and follow
⬡ LEGENDARY_007 #LEGENDARY_007
$USDT $USDC
