New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also discusses the regulation of initial coin offerings (ICOs) and how these can become “a new way to attract foreign direct investment (FDI) and raise capital.”
‘A Successful Payment Mechanism’
In its recently unveiled payments system document, the Central Bank of Nigeria (CBN) said the bank would be open to developing “a regulatory framework for [the] potential implementations of the stablecoin.” The document claims that such stablecoin implementations are likely “are likely to be a successful payment mechanism,” hence there is “a need to develop a regulatory framework for such implementation.”
Besides mentioning stablecoin implementations, the CBN’s Nigeria Payments System Vision 2025 document also discusses the creation of a framework to regulate initial coin offerings (ICOs). While acknowledging the key role that may be played by ICOs, the document however said regulation is needed if investor interest in this form of fundraising is to be revived.
“There is little appetite to adopt the current round of ICOs given their lack of regulation. However, given the role of ICOs as an asset class, there is potential for adopting the technology of ICOs as a new approach to fundraising for capital projects (in the wholesale market) or peer-to-peer lending or crowdfunding (for the retail market),” reads the document.
The document adds that once a properly implemented and supported regulatory framework is in place, ICOs could become “a new way to attract foreign direct investment (FDI) and raise capital.”
Regulating Initial Coin Offerings
While the CBN has in the past discouraged or barred financial institutions from facilitating transactions that involve cryptocurrencies, the latest payments system document suggests the central bank’s stance towards privately issued digital currencies has evolved.
After the CBN directed banks to stop extending services to crypto entities in Feb. 2021, some Nigerian commentators accused the central bank of usurping the powers of the Nigerian Securities and Exchange Commission (NSEC). However, according to the document, which envisions a cashless economy by 2025, the CBN and NSEC will jointly regulate the digital currency space.
“[The] CBN would have a role in the payment aspect, but SEC would need to provide a regulatory framework since the tokens would be a new asset class,” the document states.
I am glad to be a visitor of this staring web blog! , thanks for this rare info ! .
Hi just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same results.
I dugg some of you post as I cogitated they were invaluable extremely helpful
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
Hi, Neat post. There is a problem with your site in internet explorer, may test thisK IE still is the marketplace leader and a large section of other people will omit your wonderful writing due to this problem.
The very root of your writing whilst appearing reasonable originally, did not really settle very well with me personally after some time. Somewhere throughout the paragraphs you managed to make me a believer but only for a while. I still have a problem with your leaps in assumptions and you might do nicely to fill in those breaks. If you actually can accomplish that, I would undoubtedly end up being amazed.
I think this internet site contains some rattling wonderful info for everyone : D.
Super-Duper site! I am loving it!! Will come back again. I am bookmarking your feeds also
I’ve been absent for some time, but now I remember why I used to love this web site. Thank you, I¦ll try and check back more frequently. How frequently you update your website?
Wohh exactly what I was looking for, thanks for posting.
superb post.Never knew this, regards for letting me know.
I have been surfing on-line greater than three hours nowadays, yet I never discovered any interesting article like yours. It is beautiful worth enough for me. In my view, if all web owners and bloggers made just right content as you did, the web will probably be much more useful than ever before. “No one has the right to destroy another person’s belief by demanding empirical evidence.” by Ann Landers.
You have brought up a very superb points, regards for the post.
Sweet blog! I found it while surfing around on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Cheers
Good blog! I really love how it is simple on my eyes and the data are well written. I am wondering how I could be notified when a new post has been made. I’ve subscribed to your RSS feed which must do the trick! Have a great day!
Thanks for another excellent post. Where else could anyone get that kind of info in such a perfect way of writing? I have a presentation next week, and I’m on the look for such info.
Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2
You really make it seem so easy with your presentation but I find this matter to be actually something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I’ll try to get the hang of it!
I have been examinating out some of your articles and it’s pretty clever stuff. I will definitely bookmark your site.
What i don’t realize is in reality how you are no longer really much more smartly-appreciated than you may be right now. You are very intelligent. You already know thus considerably in terms of this subject, made me personally believe it from numerous varied angles. Its like men and women don’t seem to be interested until it’s something to do with Lady gaga! Your personal stuffs nice. At all times take care of it up!
Wonderful goods from you, man. I have understand your stuff previous to and you’re just too wonderful. I actually like what you have acquired here, certainly like what you’re saying and the way in which you say it. You make it entertaining and you still care for to keep it sensible. I cant wait to read far more from you. This is really a tremendous site.
Just want to say your article is as astonishing. The clarity in your post is just cool and i can assume you’re an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please carry on the gratifying work.
I am glad to be a visitor of this thoroughgoing blog! , appreciate it for this rare information! .
You really make it seem so easy along with your presentation however I to find this topic to be really one thing which I think I might by no means understand. It kind of feels too complicated and extremely huge for me. I’m looking ahead in your subsequent submit, I will attempt to get the hang of it!
What’s Happening i am new to this, I stumbled upon this I have found It positively useful and it has helped me out loads. I am hoping to contribute & assist other users like its aided me. Good job.
Thank you for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such magnificent info being shared freely out there.
I just like the valuable information you provide for your articles. I’ll bookmark your blog and test again right here frequently. I’m rather certain I will be informed plenty of new stuff right right here! Best of luck for the next!
whoah this blog is wonderful i like reading your posts. Stay up the great paintings! You recognize, many persons are hunting around for this info, you can aid them greatly.
I really enjoy studying on this website, it holds superb content. “A short saying oft contains much wisdom.” by Sophocles.
Awesome blog! Do you have any tips for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any ideas? Thanks!
I besides think so , perfectly written post! .
F*ckin’ awesome things here. I’m very glad to see your post. Thanks a lot and i am looking forward to contact you. Will you please drop me a e-mail?
Hey there! I’ve been reading your site for a long time now and finally got the bravery to go ahead and give you a shout out from Kingwood Tx! Just wanted to say keep up the fantastic work!
I really like what you guys are usually up too. This sort of clever work and reporting! Keep up the great works guys I’ve added you guys to my blogroll.
Usually I do not read article on blogs, but I wish to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, very nice article.
I’ve recently started a website, the info you provide on this site has helped me greatly. Thanks for all of your time & work. “So full of artless jealousy is guilt, It spills itself in fearing to be spilt.” by William Shakespeare.
What i don’t understood is in fact how you’re no longer really much more neatly-liked than you may be now. You are very intelligent. You understand thus considerably in relation to this subject, made me in my view imagine it from so many various angles. Its like men and women don’t seem to be involved until it’s one thing to do with Girl gaga! Your personal stuffs outstanding. Always care for it up!
obviously like your web site however you need to check the spelling on several of your posts. A number of them are rife with spelling problems and I in finding it very bothersome to inform the reality on the other hand I will certainly come again again.
I will immediately grasp your rss feed as I can not to find your email subscription link or e-newsletter service. Do you have any? Please allow me recognise in order that I may subscribe. Thanks.
Merely wanna input on few general things, The website design and style is perfect, the articles is real excellent. “The reason there are two senators for each state is so that one can be the designated driver.” by Jay Leno.
This website online is really a stroll-by means of for all of the information you wanted about this and didn’t know who to ask. Glimpse here, and you’ll undoubtedly discover it.
Some truly superb content on this web site, appreciate it for contribution. “My salad days, When I was green in judgment.” by William Shakespeare.
Rattling wonderful visual appeal on this web site, I’d value it 10 10.
Real informative and wonderful body structure of written content, now that’s user pleasant (:.
I do trust all the ideas you have presented for your post. They’re really convincing and will certainly work. Nonetheless, the posts are very short for newbies. May you please extend them a bit from subsequent time? Thanks for the post.
Very nice post and right to the point. I am not sure if this is really the best place to ask but do you people have any ideea where to hire some professional writers? Thanks in advance 🙂
you might have an ideal blog here! would you like to make some invite posts on my weblog?
Howdy just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Ie. I’m not sure if this is a format issue or something to do with web browser compatibility but I figured I’d post to let you know. The design and style look great though! Hope you get the problem resolved soon. Many thanks
I’ve been absent for a while, but now I remember why I used to love this blog. Thanks , I will try and check back more frequently. How frequently you update your website?
Hello there, just became alert to your blog through Google, and found that it’s truly informative. I am going to watch out for brussels. I’ll appreciate if you continue this in future. A lot of people will be benefited from your writing. Cheers!
It is the best time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I desire to suggest you some interesting things or tips. Maybe you could write next articles referring to this article. I desire to read even more things about it!
Dead composed articles, Really enjoyed reading through.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
I believe this internet site has got some rattling great info for everyone : D.
There is noticeably a bundle to learn about this. I assume you made certain good factors in features also.
I have been exploring for a little bit for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this website. Reading this information So i am happy to convey that I have a very good uncanny feeling I discovered just what I needed. I most certainly will make sure to do not forget this site and give it a look regularly.
excellent points altogether, you simply gained a new reader. What would you recommend about your post that you made some days ago? Any positive?
Utterly pent subject matter, Really enjoyed examining.
I love it when people come together and share opinions, great blog, keep it up.
Some genuinely nice and utilitarian info on this web site, as well I think the pattern holds fantastic features.
This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.
What i don’t realize is in truth how you’re now not really a lot more well-favored than you might be now. You are so intelligent. You recognize therefore considerably in relation to this subject, produced me personally believe it from a lot of numerous angles. Its like women and men are not interested unless it’s one thing to accomplish with Lady gaga! Your personal stuffs nice. All the time maintain it up!
After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.
Everyone loves what you guys are up too. This sort of clever work and exposure! Keep up the superb works guys I’ve included you guys to my personal blogroll.
Hola! I’ve been following your blog for a while now and finally got the courage to go ahead and give you a shout out from Dallas Tx! Just wanted to mention keep up the excellent job!
Hey! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no data backup. Do you have any methods to protect against hackers?
Good info. Lucky me I reach on your website by accident, I bookmarked it.
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers
I haven’t checked in here for some time because I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
Howdy! I simply would like to give an enormous thumbs up for the good info you’ve right here on this post. I will probably be coming back to your blog for extra soon.
You have mentioned very interesting details ! ps nice internet site.
Great – I should certainly pronounce, impressed with your web site. I had no trouble navigating through all the tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Excellent task.
wonderful post.Ne’er knew this, regards for letting me know.
Thank you for sharing excellent informations. Your website is very cool. I’m impressed by the details that you have on this web site. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found just the info I already searched all over the place and just couldn’t come across. What an ideal website.
Awsome site! I am loving it!! Will be back later to read some more. I am taking your feeds also
I am typically to running a blog and i actually respect your content. The article has actually peaks my interest. I’m going to bookmark your web site and hold checking for new information.
Definitely believe that which you said. Your favorite justification seemed to be on the web the easiest thing to be aware of. I say to you, I definitely get irked while people consider worries that they plainly don’t know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people could take a signal. Will likely be back to get more. Thanks
Hey! I know this is kind of off topic but I was wondering which blog platform are you using for this website? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.
I wish to convey my gratitude for your generosity giving support to women who must have assistance with the subject matter. Your special commitment to getting the solution all around turned out to be particularly interesting and have in most cases made some individuals like me to arrive at their pursuits. Your entire invaluable publication entails a whole lot to me and much more to my office workers. Warm regards; from everyone of us.
hello!,I love your writing very so much! percentage we communicate more approximately your post on AOL? I need a specialist on this area to solve my problem. May be that’s you! Looking ahead to see you.
certainly like your web site but you need to check the spelling on quite a few of your posts. Several of them are rife with spelling problems and I find it very troublesome to tell the truth nevertheless I will surely come back again.
I truly appreciate this post. I¦ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thanks again
We’re a group of volunteers and starting a new scheme in our community. Your website offered us with valuable info to work on. You have done an impressive job and our whole community will be grateful to you.
You made some decent points there. I seemed on the internet for the issue and located most individuals will associate with along with your website.
I have learn some just right stuff here. Definitely worth bookmarking for revisiting. I wonder how a lot attempt you place to create this type of excellent informative website.
I am glad to be a visitant of this staring blog! , appreciate it for this rare info ! .
Thank you for another excellent post. Where else may just anybody get that type of info in such a perfect approach of writing? I have a presentation subsequent week, and I am at the search for such information.
Definitely believe that which you said. Your favorite reason seemed to be on the internet the easiest thing to be aware of. I say to you, I definitely get annoyed while people consider worries that they just do not know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side-effects , people can take a signal. Will likely be back to get more. Thanks
I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this hike.
Real instructive and great structure of articles, now that’s user pleasant (:.
After research a few of the weblog posts in your web site now, and I actually like your means of blogging. I bookmarked it to my bookmark web site checklist and will likely be checking back soon. Pls take a look at my site as effectively and let me know what you think.
Thank you for some other fantastic article. The place else could anyone get that type of info in such a perfect method of writing? I have a presentation next week, and I am at the look for such info.
I have not checked in here for some time as I thought it was getting boring, but the last several posts are good quality so I guess I?¦ll add you back to my daily bloglist. You deserve it my friend 🙂
Some genuinely great content on this internet site, regards for contribution. “Careful. We don’t want to learn from this.” by Bill Watterson.
Thanks for sharing superb informations. Your site is very cool. I’m impressed by the details that you’ve on this web site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found simply the info I already searched everywhere and simply could not come across. What a great website.
Hi my loved one! I wish to say that this article is awesome, great written and include approximately all significant infos. I would like to see extra posts like this .
There is obviously a bundle to realize about this. I believe you made various nice points in features also.
A powerful share, I just given this onto a colleague who was doing somewhat analysis on this. And he actually purchased me breakfast because I discovered it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to debate this, I really feel strongly about it and love reading extra on this topic. If potential, as you turn out to be expertise, would you thoughts updating your blog with more details? It’s extremely helpful for me. Big thumb up for this blog post!
Great V I should definitely pronounce, impressed with your website. I had no trouble navigating through all the tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Nice task..
I do like the manner in which you have framed this concern and it does present me personally a lot of fodder for consideration. Nonetheless, because of what I have witnessed, I simply just trust as the commentary pack on that people continue to be on point and don’t embark upon a soap box involving the news of the day. All the same, thank you for this fantastic point and although I can not go along with this in totality, I respect the standpoint.
Sweet web site, super layout, really clean and employ friendly.
fantastic points altogether, you just gained a brand new reader. What would you recommend about your post that you made some days ago? Any positive?
Very interesting details you have mentioned, thankyou for putting up. “The surest way to get rid of a bore is to lend money to him.” by Paul Louis Courier.
Absolutely composed content, Really enjoyed studying.
I haven?¦t checked in here for some time since I thought it was getting boring, but the last few posts are good quality so I guess I?¦ll add you back to my everyday bloglist. You deserve it my friend 🙂
obviously like your web-site however you need to test the spelling on quite a few of your posts. A number of them are rife with spelling issues and I find it very bothersome to tell the reality on the other hand I will certainly come back again.
I am not sure where you are getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for excellent information I was looking for this information for my mission.
you are really a good webmaster. The website loading speed is incredible. It seems that you’re doing any unique trick. Furthermore, The contents are masterpiece. you’ve done a wonderful job on this topic!
obviously like your web-site but you need to check the spelling on quite a few of your posts. A number of them are rife with spelling issues and I find it very bothersome to inform the reality on the other hand I¦ll surely come back again.
Good info and straight to the point. I am not sure if this is really the best place to ask but do you guys have any thoughts on where to hire some professional writers? Thanks in advance 🙂
I’ve been browsing online greater than 3 hours as of late, but I by no means found any attention-grabbing article like yours. It is beautiful value enough for me. Personally, if all webmasters and bloggers made just right content as you probably did, the internet will be a lot more useful than ever before.
Great write-up, I am regular visitor of one’s site, maintain up the excellent operate, and It’s going to be a regular visitor for a lengthy time.
So excited to share my thoughts here! ???? This content is refreshingly unique, blending creativity with insight in a way that’s engrossing and informative. Every detail seems carefully put together, exhibiting a deep understanding and passion for the subject. It’s rare to find such a perfect blend of information and entertainment! Big props to everyone involved in creating this masterpiece. Your hard work and dedication are truly remarkable, and it’s an absolute joy to witness. Looking forward to seeing more of this fantastic work in the future! Keep inspiring us all! ???????????? #Inspired #CreativityAtItsBest