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Nigeria Raises Stablecoin Capital Requirements for Digital-Finance Operators
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On 5 November, the Central Bank of Nigeria’s new stablecoin framework took effect, setting minimum capital of ₦10 billion for naira-referenced issuers and ₦15 billion for foreign-currency-referenced issuers. The rules also require reserve backing, operational...
On 5 November, the Central Bank of Nigeria’s new stablecoin framework took effect, setting minimum capital of ₦10 billion for naira-referenced issuers and ₦15 billion for foreign-currency-referenced issuers. The rules also require reserve backing, operational safeguards and compliance controls for regulated digital-token activities.
The framework creates opportunities for fintech developers, blockchain compliance providers, cybersecurity firms and financial technology consultants. HPC can support technology-market research, regulatory assessments and strategic partnership development.