REGULATION 🇳🇬 | Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans Algorithmic Tokens Under the framework, issuers of foreign-currency stablecoins must maintain minimum paid-up capital of approximately $11.1 million while naira-backed stablecoin issuers face a requirement of approximately $7.4 million. The rules also cover cryptocurrency exchanges, custodians, wallet providers, payment processors, and other virtual asset service providers. Details: https://t.co/UeODOAHC1a #CryptoNigeria #CryptoNG #CryptoRegulationNigeria #RegulationNG #StablecoinsNigeria #CryptoAfrica #RegulationAfrica @cenbank
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