The Central Bank of Nigeria has stated that it would collaborate with the Securities and Exchange Commission to bring out a regulatory framework that would see the adoption of stable coins in the country.
The Apex Bank had banned crypto and rendered it illegal in the country. In a report obtained from Naira metrics, a document from the CBN titled, "Nigeria Payment System Vision 2025", has as one of its contents, regularly provisions for adoption of stable coins in the country.
The Apex Bank had banned crypto and rendered it illegal in the country. In a report obtained from Naira metrics, a document from the CBN titled, "Nigeria Payment System Vision 2025", has as one of its contents, regularly provisions for adoption of stable coins in the country.