Nigeria’s central bank sets ₦15B capital rule for stablecoins, bans algorithmic tokens
Nigeria's central bank sets ₦15 billion capital requirements for foreign stablecoin issuers, bans algorithmic tokens and introduces new licensing rules.
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Central bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
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