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Nigeria sets $11.16 million capital requirement for foreign stablecoin issuers

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…

  • Nigeria's Central Bank mandates $11.16M capital for foreign stablecoin issuers.
  • Issuers must establish local entities and comply with capital, reserve rules.
  • Naira-backed stablecoins need ₦10B minimum capital.

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