# Nigeria’s central bank sets stablecoin licensing rules and bans algorithmic versions

https://mins.news/en/item/132254

- The Block, 2026-11-06 11:43 UTC
- Economy
- Original: https://www.theblock.co/news/regulation/2026-11-06-nigerias-central-bank-introduces-stablecoin-licensing-rules-bans-algorithmic-versions-435867

> Algorithm-based stablecoins are prohibited, while providers of stablecoins and other virtual-asset services must secure a Nigerian license under the central bank’s new framework.