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Checking a stablecoin's reserves against Nigeria's new rules, in 30 lines of JavaScript

The rules in short The Central Bank of Nigeria's regulations for non-security virtual assets took effect on 5 November 2026, according to The Block and Crypto Briefing.

  • Central Bank of Nigeria introduced new stablecoin regulations on November 5, 2026
  • Stablecoins classified into Class 1 (tied to naira) and Class 2 (tied to foreign currencies)
  • Class 1 issuers must hold 10 billion naira, Class 2 issuers need 15 billion naira

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