{
  "id": 18473086,
  "title": "CBN sets N15bn capital requirement for dollar stablecoin issuers",
  "url": "https://urgent.news/2026/11/06/cbn-sets-n15bn-capital-requirement-for-dollar-stablecoin-issuers-18473086",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T09:10:51.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/cbn-sets-n15bn-capital-requirement-for-dollar-stablecoin-issuers/"
  },
  "original_language": "en",
  "account": "The Central Bank of Nigeria (CBN) has set a minimum capital requirement of N15 billion for companies issuing dollar-backed stablecoins in the country. This new regulation, part of a broader set of rules governing virtual assets and digital payment services, was introduced following a circular signed by CBN Director Musa Jimoh. The requirement applies to Class 2 stablecoins, which are designed to maintain a stable value against foreign currencies like the US dollar. Class 1 stablecoins, backed by the Nigerian Naira, face a lower capital threshold of N10 billion. The CBN emphasizes that capital must be maintained separately from other funds and assets, and operators must meet these requirements upon entry and continuously.",
  "summary": "The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar. Read More: https://punchng.com/cbn-sets-n15bn-capital-requirement-for-dollar-stablecoin-issuers/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "BusinessDay Nigeria",
        "title": "CBN mandates N15bn capital for foreign stablecoin issuers",
        "url": "https://urgent.news/2026/11/06/cbn-mandates-n15bn-capital-for-foreign-stablecoin-issuers",
        "published": "2026-11-06T09:40:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}