Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements
TL;DR: Nigeria’s central bank issued a new framework on November 5 for non-security virtual assets, with separate stablecoin licences tied to naira and foreign-currency tokens. The rules introduce reserve, capital and local-presence obligations and ban certain algorithmic designs. This is a payments-regulation story, not a blanket legalisation of every crypto activity. Nigeria is moving from…