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stablecoins

Legislation Regulation generic 3

Nigeria to regulate stablecoins and ICOs 

Nigeria highlights its plans for regulating stablecoins, initial coin offerings (ICOs), and the possibility of creating foreign direct investment through cryptocurrencies.  The document titled “Nigeria’s payments system vision 2025” complements the country’s previous efforts to regulate the largest crypto market in Africa.  In 2021, the country’s central bank prohibited local financial institutions from facilitating all […]
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Crypto Regulations international version non US countries

India is looking at regulating or prohibiting unbanked crypto, DeFi, and stablecoins

The Reserve Bank of India (RBI) is making concerted efforts at the global level to devise a common means of regulating or prohibiting unbanked crypto assets, DeFi tokens, and stablecoins, details from the recently unveiled Financial Stability report show.  RBI suggestions on crypto regulations The RBI highlighted three ways of possibly regulating cryptocurrencies. As their […]
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Japans 1 Trillion Crypto Market May Ease Onerous Listing Rules

Japan to lift its ban on foreign stablecoins in 2023

Japan’s Financial Services Agency (FSA) is set to lift the ban on foreign-issued stablecoins in 2023. The newly revised stablecoin act aims to regulate all virtual currencies and limit their issuance to banks and fund transfer companies, which can present collateral assets. The FSA plans for stablecoins in Japan would give domestic entities the power […]
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