CBN sets N15bn capital requirement for dollar stablecoin issuers
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The Central Bank of Nigeria has established new capital rules for companies that issue stablecoins backed by foreign currencies. This includes coins pegged to the United States dollar. These issuers must now maintain a minimum paid-up capital of N15bn.
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/