CryptoMedium•9 November 2026•
1 min read
Nigeria Mandates Local Licensing for Dollar-Pegged Stablecoins
Key Facts
1The Central Bank of Nigeria now requires dollar-pegged stablecoins for retail customers to be issued by locally incorporated and licensed entities.
2Existing operators have been granted a 180-day application window to transition to the new regulatory framework.
The Central Bank of Nigeria now requires dollar-pegged stablecoins for retail customers to be issued by locally incorporated and licensed entities. CryptoSlate reported that the new regulatory framework effectively mandates that any stablecoin targeting the domestic retail market must operate through these regulated local channels.
Existing operators have been granted a 180-day application window to transition to the new regulatory framework. This move reflects an effort by Nigerian authorities to tighten control over the domestic foreign exchange market, creating a significant compliance hurdle for global stablecoin issuers seeking to maintain retail access in the country.