CBN updates guidelines for stablecoins operation

•Sets N15bn capital requirementBy Emma Ujah, Abuja Bureau ChiefThe Central Bank of Nigeria has issued guidelines for virtual asset providers in the country, setting minimum capital requirement of N10 billion and N15 billion for Classes 1 and 2 issuers, respectively.This was contained in a circular with reference number PSP/DIR/PUB/CIR/001/004, date November 5, 2026 and signed by the Director of Payments Systems Policy, Mr. Musa Jimoh.