Nigeria's Central Bank Approves cNGN Stablecoin Launch amid CBDC Concerns

Nigeria's Central Bank Approves cNGN Stablecoin Launch amid CBDC Concerns

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The Central Bank of Nigeria has granted the Africa Stablecoin Consortium (ASC) approval to introduce Compliant Nigerian Naira StableCoin (cNGN) within its regulatory sandbox. This marks a pivotal moment in the financial landscape, as ASC, comprising leading financial institutions, fintech…

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