The Central Bank of Nigeria will require digital-asset firms to hold an additional N1 billion, about $744,000, in capital to offer stablecoin payment, remittance and custody services.
The Securities and Exchange Commission separately raised the minimum capital for digital asset exchanges from N500 million to N2 billion, about $1.5 million, with exchanges offering payment services possibly needing at least N3 billion. Existing operators have until 30 June 2027 to comply, a deadline that could force consolidation in the sector.
Source: TechCabal
