CBN sets N15bn capital requirement for dollar stablecoin issuers
AI Executive Briefing
Verified Synthesis~44s readThe Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar. Under Section 15.2 of the regulations, the CBN stated, “A Class 2 Licensed Issuer shall maintain minimum paid-up capital of fifteen billion Naira (N15,000,000,000), or such higher amount as the Bank may prescribe, on entry and at all times thereafter.” The provision applies to Class 2 stablecoins, which are digital tokens designed to maintain a stable value against foreign currencies, including the US dollar.
Context & Background
- ✦The regulations also prescribe a lower capital threshold of N10bn for issuers of naira-referenced stablecoins, classified as Class 1, while companies providing other non-security virtual asset services must maintain at least N1bn in paid-up capital.
Key Figures & Named Entities
dollar.:The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar.Friday:The requirement is contained in the Regulations for the Operations of Non-Security Virtual Assets in Nigeria, released by the apex bank on Friday, following a circular dated November 5, 2026, and signed by the Director of the Payments System Policy Department, Musa Jimoh.dollar.:Under Section 15.2 of the regulations, the CBN stated, “A Class 2 Licensed Issuer shall maintain minimum paid-up capital of fifteen billion Naira (N15,000,000,000), or such higher amount as the Bank may prescribe, on entry and at all times thereafter.” The provision applies to Class 2 stablecoins, which are digital tokens designed to maintain a stable value against foreign currencies, including the US dollar.
Outlook & Next Steps
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Key Takeaways
Verified Extract- The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar.
- Under Section 15.2 of the regulations, the CBN stated, “A Class 2 Licensed Issuer shall maintain minimum paid-up capital of fifteen billion Naira (N15,000,000,000), or such higher amount as the Bank may prescribe, on entry and at all times thereafter.” The provision applies to Class 2 stablecoins, which are digital tokens designed to maintain a stable value against foreign currencies, including the US dollar.
- The regulations also prescribe a lower capital threshold of N10bn for issuers of naira-referenced stablecoins, classified as Class 1, while companies providing other non-security virtual asset services must maintain at least N1bn in paid-up capital.
Key Facts:dollar.: The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar.Friday: The requirement is contained in the Regulations for the Operations of Non-Security Virtual Assets in Nigeria, released by the apex bank on Friday, following a circular dated November 5, 2026, and signed by the Director of the Payments System Policy Department, Musa Jimoh.dollar.: Under Section 15.2 of the regulations, the CBN stated, “A Class 2 Licensed Issuer shall maintain minimum paid-up capital of fifteen billion Naira (N15,000,000,000), or such higher amount as the Bank may prescribe, on entry and at all times thereafter.” The provision applies to Class 2 stablecoins, which are digital tokens designed to maintain a stable value against foreign currencies, including the US dollar.2026: In the accompanying circular, the apex bank explained that the framework was designed to “promote responsible innovation, strengthen the integrity of the Nigerian financial system and provide an appropriate regulatory framework for emerging digital payment instruments.” The regulations took effect on November 5, 2026, establishing a new licensing and supervisory framework for Nigeria’s expanding virtual asset payment market.
Editorial Excerpt
The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar.
Frequently Asked Questions About This Story
What is the latest development regarding Central Bank of Nigeria?
The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Central Bank of Nigeria, Naira & Foreign Exchange Policy.
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The Central Bank of Nigeria has introduced a minimum paid-up capital requirement of N15bn for companies issuing foreign currency-backed stablecoins, including those pegged to the United States dollar.
