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Nigeria: SEC-Licensed Crypto Firms Need CBN Approval and ₦1 Billion Capital for Stablecoin Payments, Remittance and Custody

Cryptocurrency companies licenced by Nigeria’s Securities and Exchange Commission (SEC) will need separate central bank approval and at least ₦1 billion ($744,000) in additional capital to offer certain stablecoin payment, remittance, and custody services under new regulations.

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