CBN sets N10bn, N15bn capital requirements for stablecoin issuers
- ✦The bank said the capital requirements must be maintained at entry and throughout the period of operation, adding that it reserves the right to prescribe higher amounts.
- By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has introduced new regulatory guidelines for stablecoin issuers and other virtual asset service providers, setting minimum paid-up capital requirements of N10 billion and N15 billion for two categories of operators.
- The CBN explained that Class 1 stablecoins are digital tokens designed to maintain a stable value against the naira, while Class 2 stablecoins are pegged to foreign currencies, including the US dollar.
- The bank said the capital requirements must be maintained at entry and throughout the period of operation, adding that it reserves the right to prescribe higher amounts.
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has introduced new regulatory guidelines for stablecoin issuers and other virtual asset service providers, setting minimum paid-up capital requirements of N10 billion and N15 billion for two categories of operators.
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has introduced new regulatory guidelines for stablecoin issuers and other virtual asset service providers, setting minimum paid-up capital requirements of N10 billion and N15 billion for two categories of operators.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, Central Bank of Nigeria, National Security & Counter-Banditry.
What timeline or key figures were confirmed?
The requirements are contained in a circular dated November 5, 2026, with reference number PSP/DIR/PUB/CIR/001/004, signed by the Director of Payments Systems Policy, Musa Jimoh.
