---
title: "Nigeria sets new crypto licensing rules, bans algorithmic stablecoins"
url: https://thecoingazette.com/nigeria-sets-new-crypto-licensing-rules-bans-algorithmic-stablecoins/
date: 2026-11-06
modified: 2026-11-06
lang: en
author: "Coin Gazette Editorial"
description: "Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 21
---

# Nigeria sets new crypto licensing rules, bans algorithmic stablecoins

Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.