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Finance & Markets

BofA’s Piron Says Won, Taiwan Dollar Offer Opportunity

BofA Global Research Head of Asia FX & Rates Strategy Claudio Piron sees opportunities to go long the Korean won and Taiwan dollar after the AI-driven selloff, arguing that strong current-account surpluses and continued export flows should provide support. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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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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