A functioning local stablecoin strengthens case for digital asset regulation, says Luno Nigeria CEO
Nigeria is recognized as a top market for crypto transactions. The Nigerian government has stalled on accepting cryptocurrencies as a means of digital exchange during the last administration.
Quidax joins Busha to list SEC-regulated cNGN stablecoin amid crypto push
Quidax received a provisional license in August 2024. cNGN, Nigeria's first regulated stablecoin, was listed by Quidax on March 12.
Nigeria’s First “Compliant” Stablecoin Launches Amid Skepticism
cNGN has been launched as Nigeria's first compliant stablecoin. The stablecoin is included in the Nigerian SEC's incubation program.
Nigerian crypto startup Busha lists cNGN, a consortium-led Naira stablecoin, plans rollout in phases
Busha secured a provisional licence from the SEC in August 2024 and listed the compliant NGN (cNGN) on its platform. cNGN is Nigeria's first private consortium-backed stablecoin, pegged 1:1 to the Naira.
