[ad_1] The Central Bank of Nigeria (CBN) has granted the Africa Stablecoin Consortium (ASC) approval to introduce Compliant Nigerian naira stableCoin (cNGN) within its regulatory sandbox. This marks a pivotal…
Tag: stablecoin
Hong Kong consultation paper hints at new stablecoin regulation
[ad_1] Hong Kong regulators have signaled an intent to approve fiat-referenced stablecoins (FRS), launching a consultation paper to seek the opinion of industry players and the general public. According to the 30-page document,…
Hong Kong considers licensing regime for stablecoin issuance
[ad_1] Hong Kong’s financial regulators are considering legislation to control stablecoin issuance in the latest effort to develop a regulatory framework to service the city’s ambition to develop a digital-asset…
Solana flips Ethereum in 7-day stablecoin volume
[ad_1] Blockchain users transacted $100 billion in stablecoin volume on Solana for the first time. Once hailed as a so-called “Ethereum killer”, Solana has flipped crypto’s largest altcoin blockchain in…
Nigeria to Launch cNGN Stablecoin in 2024 – Nigerian News Today – Read Latest Naija Headliines Updates
[ad_1] By Adedapo Adesanya Nigeria is reportedly developing its first regulated Naira stablecoin called cNGN following the suspension of a two-year prohibition on cryptocurrency trading using official channels. The new…
Nigeria Lifts Anti-Crypto Regulations to Create New Stablecoin
[ad_1] Nigeria’s Central Bank (CBN) recently revoked its stringent anti-crypto measures that barred banks from handling crypto-related transactions for almost two years. This move coincides with collaborative efforts among Nigerian…
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto
[ad_1] S&P Global Ratings, the storied ratings agency known for assessing the stability of banks, credit facilities and other financial institutions and products, has turned its eyes to stablecoins, giving…
New Zealand dollar stablecoin goes live through local crypto exchange
[ad_1] A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys. In a Nov. 22 announcement,…
Cryptocurrency retailer launch NZ dollar-backed stablecoin
[ad_1] Auckland-based Easy Crypto will offer a digital currency backed one-to-one to the New Zealand dollar. Photo: 123RF New Zealand’s largest cryptocurrency retailer is launching its first stablecoin as a…