Nigeria plans to introduce Naira stablecoin (cNGN) in 2024

Nigeria plans to introduce Naira stablecoin (cNGN) in 2024

On Friday, December 22, the Central Bank of Nigeria reportedly released a circular addressed to all banks and financial institutions, revoking its previous prohibition on bitcoin. Additionally, the circular set forth new regulations for Virtual Asset Service Providers operating within Nigeria. A notable development in Nigeria’s financial landscape will be the introduction of a Naira […]

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