Nigeria tells dollar-stablecoin issuers: go local or lose retail access

Poin penting

• Nigerian financial authorities are requiring issuers of dollar-pegged stablecoins to secure local licensing or forfeit retail market access.
• Under the guidelines, continued Class 2 access during the assessment phase demands explicit permission from the Central Bank of Nigeria.
• Furthermore, holding foreign regulatory licenses will not substitute for obtaining local approvals for both issuers and tokens.

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