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RegulationSource: Crypto Economy ·

Nigeria Central Bank Enacts Stablecoin Licensing Rules, Bans Algorithmic Tokens

Nigeria’s central bank introduced separate licensing categories for naira-referenced and foreign-currency stablecoins, requiring issuer authorization and token approvals under regulations effective November 5, 2026. Algorithmic stablecoins, certain crypto-backed fiat tokens and stablecoins without enforceable redemption rights are prohibited.

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