Oduwacoin founder lauds CBN over plan to regulate stablecoin Oduwacoin founder, Bright Enabulele has lauded the Central Bank of Nigeria (CBN) over its plan to develop a regulatory framework for stablecoin in the
Oduwacoin founder, Bright Enabulele has lauded the Central Bank of Nigeria over its plan to develop a regulatory framework for stablecoin in the country.
The apex bank also said in order to develop a regulatory framework that is effective, it “would also continue its brief on Initial Coin Offerings as well as work with Security Exchange Commission to jointly develop it in the event of adoption of an ICO-based investment solution.” “I advise people against seeing stablecoin that is collaterised, as same as other digital assets that are decentralised, and whose values are determined by demands and supplies. In other words, stablecoin is a fixed asset cryptocurrency because they are collaterised -it is pegged to a source that actually exists, and its underlying value is usually taken from reserves.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks Have Enough New Naira Notes to Meet Demand, CBN Insists – THISDAYLIVE
Read more »
Banks Only Authorised to Dispense New Banknotes via ATMs, CBN Clarifies – THISDAYLIVE
Read more »
Curious travail of INEC Chairman, CBN GovernorAs in Alice in Wonderland, it is getting ‘curiouser and curiouser’ why a few weeks to a critical general election, the Chairman of the Independent National Election (INEC), the election management agency appears to be in the eye of some storm, is being distracted and can be removed from office the way members of a […]
Read more »
FG pays N4.12tn interest on CBN loanThe Federal Government paid interests of N4.12tn between 2019 and 2022 on the loans it got from the Central Bank of Nigeria through Ways and Means Advances, according to findings by The PUNCH.
Read more »
CBN cash withdrawal limit begins todayThe Central Bank of Nigeria's policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9.
Read more »
CBN Gov, INEC Chair’s Removal Would’ve Derailed Buhari’s Effort For 2023 Polls – ACJHRA civil society organisation (CSO), African Center for Justice and Human Rights (ACJHR), has said that if the Department of Security Services (DSS) ha
Read more »