Nigeria’s Central Bank Approves cNGN Stablecoin Launch
The Central Bank of Nigeria (CBN) has granted the Africa Stablecoin Consortium (ASC) permission to test its cNGN stablecoin in the regulatory sandbox. The launch is slated for February 27, 2024. The CBN, the Nigerian Securities and Exchange Commission , and the Nigerian Financial Intelligence Unit have set regulatory standards and requirements, and the cNGN […]
CBN Announces Launch of cNGN Stablecoin in February
In its regulatory sandbox, the Central Bank of Nigeria (CBN) has authorized the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin. The release date for the new stablecoin is February 27, 2024. The ASC, an association of Nigerian banks and fintech operators, stated in a blog post that the cNGN stablecoin adheres to the […]