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Nigeria Announces It Is ‘Open For Stablecoin Business’

Summary by blockzeit.com
Following the successful passage of the GENIUS Act in the US, Nigerian authorities highlighted that their country is “open for stablecoin business.” An official at Onchain Foundation emphasized that Nigeria is already a big player in the crypto space, especially in the stablecoin market segment. After their controversy involving Binance, Nigerian authorities are about to make another pivot on cryptocurrencies. Developments in key markets and maj…
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blockzeit.comblockzeit.com

Nigeria Announces It Is ‘Open For Stablecoin Business’

Following the successful passage of the GENIUS Act in the US, Nigerian authorities highlighted that their country is “open for stablecoin business.” An official at Onchain Foundation emphasized that Nigeria is already a big player in the crypto space, especially in the stablecoin market segment. After their controversy involving Binance, Nigerian authorities are about to make another pivot on cryptocurrencies. Developments in key markets and maj…

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blockzeit.com broke the news in on Wednesday, August 6, 2025.
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