# Nigeria sets new crypto licensing rules, bans algorithmic stablecoins

- Source: Cointelegraph.com News
- Published: 2026-11-06T13:57:14+00:00
- Category: Markets
- Original: https://cointelegraph.com/news/nigeria-algorithmic-stablecoin-ban-crypto-licensing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Canonical: https://groundlevelnews.com/story/nigeria-sets-new-crypto-licensing-rules-bans-algorithmic-stablecoins-6587c8/

Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.

_Ground Level News shows a short summary only; the full article and all rights belong to Cointelegraph.com News._