The Central Bank of Nigeria (CBN) said it would develop a regulatory framework to recognize stablecoins and initial coin offerings as an investment class.
The central bank said in its “Payment System Vision 2025” report that private stablecoins have evolved to become a successful payment mechanism in the country, hence the need to regulate their operations.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased