Central Bank of Nigeria approves cNGN stablecoin to pilot in February amid CBDC woes

Central Bank of Nigeria approves cNGN stablecoin to pilot in February amid CBDC woes

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The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium to pilot the cNGN stablecoin within its Regulatory Sandbox. This initiative marks a key moment in the evolution of financial developments in the country. The ASC brings together a group of leading financial…

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