CBN’s ₦15bn Stablecoin Capital Rule Raises the Cost of Entering Nigeria’s Crypto Market
A new CBN framework sets capital requirements of ₦15 billion for foreign-currency stablecoin issuers, ₦10 billion for naira-backed issuers and ₦1 billion for other non-security virtual asset service providers. Issuers must keep regulatory capital separate from reserves, customer funds and operating liquidity.
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