CBN to Lead New Crypto Rules as Nigeria Embraces Digital Assets
Nigeria is taking a major step toward regulating its fast-growing cryptocurrency industry, with the Central Bank of Nigeria (CBN) set ...
Tag: Stablecoins
Nigeria Drives 60% of Africa’s Stablecoin Inflows as Bitget Wallet Crosses 100 Million Users
Nigeria has cemented its position as sub-Saharan Africa's largest stablecoin market, accounting for roughly 60% of all stablecoin inflows into ...
IMF Reports Rising Use of Stablecoins in Nigeria as Crypto Inflows Hit $59 Billion
The International Monetary Fund (IMF) has revealed that more Nigerians are turning to U.S. dollar-backed stablecoins and digital payment platforms ...
Flutterwave Targets Africa’s Financial Future with Stablecoin-Powered Payment Network
Founder and Chief Executive Officer of Flutterwave, Olugbenga “GB” Agboola, has revealed the company’s long-term vision to become Africa’s financial ...
IMF Urges Nigeria to Tighten Regulation of Stablecoins and Cryptocurrency Activities
The International Monetary Fund (IMF) has advised Nigeria to strengthen its oversight of stablecoins and other cryptocurrency-related activities to prevent ...
Nigerian Crypto Startups Pivot Beyond Retail Trading
Nigerian crypto startups built their businesses on facilitating the buying and selling of digital currencies for retail customers. Now, that ...
Stablecoins Could Slash Remittance Costs Below 1%
In a significant push for financial modernization, the Africa Stablecoin Network (ASN) has formally endorsed the call by Central Bank ...
Africa Stablecoin Network Backs CBN’s Push for Cross-Border Payment Reform
The Africa Stablecoin Network has endorsed Central Bank of Nigeria Governor Olayemi Cardoso’s call for reforms to modernise cross-border payments, ...
