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Nigeria open to adopting stable coins.

  • Thread starter Thread starter Etini
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Etini

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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.
 
Nigeria is doing well but opening its arms for cryptos and this will be so much helpful for everyone there that likes to trade in cryptos but here in India things are the opposite so we still need to struggle for that
 
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