---
title: "Nigeria’s central bank introduces stablecoin licensing rules, bans algorithmic versions"
url: https://thecoingazette.com/nigerias-central-bank-introduces-stablecoin-licensing-rules-bans-algorithmic-versions/
date: 2026-11-06
modified: 2026-11-06
lang: en
author: "Coin Gazette Editorial"
description: "Nigeria's central bank issued new virtual asset regulations requiring stablecoin issuers and other service providers to obtain local licenses."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 19
---

# Nigeria’s central bank introduces stablecoin licensing rules, bans algorithmic versions

Nigeria's central bank issued new virtual asset regulations requiring stablecoin issuers and other service providers to obtain local licenses.