Unchained reports that as of November 5, the Central Bank of Nigeria requires offshore stablecoin issuers to incorporate locally. These issuers must maintain a capital of 10 to 15 billion naira and back their tokens with an additional 2% in reserves. This regulation aims to strengthen oversight of stablecoin operations within Nigeria.
Based on the Unchained report; not independently verified.
Source published: Fri, 06 Nov 2026 13:30:00 +0000
[Read the original report](https://unchainedcrypto.com/nigerias-central-bank-now-requires-offshore-stablecoin-issuers-to-license-locally/)
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