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RegulationSource: CoinCentral ·

Nigeria Bans Algorithmic Stablecoins Under New Licensing Rules

Nigeria’s central bank introduced stablecoin licensing regulations effective November 5, 2026. The regulations prohibit algorithmic stablecoins and fiat-referenced tokens primarily backed by cryptocurrencies. Naira stablecoin issuers must maintain at least ₦10 billion in paid-up capital.

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