Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.
Nigeria sets new crypto licensing rules, bans algorithmic stablecoins
Related News
Regulation
Thailand moves to block Bitget as crypto exchange's local acquisition faces uncertainty
Thailand’s SEC filed a criminal complaint against Bitget’s operator, alleging it ran an unlicensed crypto exc…
Bitcoin
Bank of England raises rates to 4% as it forecasts inflation near 5% next year
Energy inflation has prompted UK tightening, while any pressure on Bitcoin depends on financing conditions an…
Ethereum
What Democrats’ US midterm sweep means for the CLARITY Act
The CLARITY Act faces a new test as Democrats control Congress, raising questions over consumer protections, …
DeFi
NYSE-backed crypto venture faces 90% stock rejection as $92 liquidity problem threatens tokenizatio…
Its November 4 notice says the operator and affiliates will abstain from providing liquidity, leaving eligibl…
Comments (0)
Please sign in to comment.
No comments yet. Be the first to comment.