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Crypto briefing · Saturday, November 7, 2026 · Daily edition · Story 3 of 6
Nigeria central bank bans algorithmic stablecoins, sets capital rules
Nigeria's central bank introduced stablecoin licensing rules and banned algorithmic stablecoins. It also set a ₦15 billion capital requirement for foreign stablecoin issuers.
Why it matters: These rules increase oversight of crypto services and aim to stabilize the market by regulating stablecoin issuance.
Sources: The Block · Crypto.news · Cointelegraph · BeInCrypto
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