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CBN sets N15 billion capital requirement for foreign stablecoin issuers, tightens P2P crypto rules

CBN sets N15 billion capital requirement for foreign stablecoin issuers, tightens P2P crypto rules
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The Central Bank of Nigeria (CBN) has set a minimum paid-up capital of N15 billion for issuers of foreign currency-backed stablecoins seeking to operate in Nigeria, while introducing stricter approval and identity verification requirements for platform-facilitated peer-to-peer (P2P) cryptocurrenc...

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