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Nigeria Signals Greenlight for Stablecoin Innovation Under New Regulatory Vision
Nigeria Signals Greenlight for Stablecoin Innovation Under New Regulatory Vision
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BTCCSquare news:
Nigeria's Securities and Exchange Commission (SEC) has announced its readiness to support stablecoin adoption under clear regulatory conditions. Director-General Emomotimi Agama emphasized the growing importance of stablecoins in Nigeria's digital economy, particularly as businesses and freelancers use dollar-pegged assets to hedge against naira volatility.
The Africa Stablecoin Summit in Lagos served as the backdrop for this policy shift. Agama stressed the need for localized regulatory frameworks that reflect African realities, while acknowledging international standards. This MOVE positions Nigeria as a potential leader in Africa's stablecoin ecosystem.
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