{"id":10778,"date":"2026-11-06T08:30:55","date_gmt":"2026-11-06T08:30:55","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/06\/breaking-cbn-sets-n15-billion-capital-requirement-for-foreign-stablecoin-issuers-tightens-p2p-crypto-rules\/"},"modified":"2026-11-06T08:30:55","modified_gmt":"2026-11-06T08:30:55","slug":"breaking-cbn-sets-n15-billion-capital-requirement-for-foreign-stablecoin-issuers-tightens-p2p-crypto-rules","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/06\/breaking-cbn-sets-n15-billion-capital-requirement-for-foreign-stablecoin-issuers-tightens-p2p-crypto-rules\/","title":{"rendered":"BREAKING: CBN sets N15 billion capital requirement for foreign stablecoin issuers, tightens P2P crypto rules"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has set a minimum paid-up capital of N15 billion for issuers of foreign currency-backed stablecoins seeking to operate in Nigeria, while introducing stricter approval and identity verification requirements for platform-facilitated peer-to-peer (P2P) cryptocurrency transactions.<\/p>\n<p>The requirements are contained in the apex bank\u2019s Regulations for the Operations of Non-Security Virtual Assets in Nigeria, issued on November 5, 2026.<\/p>\n<p>The framework establishes licensing, capital, governance and operational requirements for stablecoin issuers and other virtual asset service providers operating within its regulatory scope.<\/p>\n<p>Under the new rules, foreign currency-referenced stablecoins, classified as Class 2 stablecoins, can only be issued through a Nigerian-incorporated entity holding a valid CBN licence. The issuer must maintain a staffed physical office in Nigeria, effective local management and the capacity to meet the regulator\u2019s supervisory requirements.<\/p>\n<p>More details later.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has set a minimum paid-up capital of N15 billion for issuers of foreign currency-backed stablecoins seeking to operate in Nigeria, while introducing stricter approval&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10778","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=10778"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/10778\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=10778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=10778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=10778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}