Nigeria Needs Tighter Oversight of Stablecoins, Crypto Assets – IMF

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Nigeria Needs Tighter Oversight of Stablecoins, Crypto Assets – IMF

The International Monetary Fund (IMF) has urged Nigeria to strengthen oversight of stablecoins and other crypto-asset activities, warning that the rapid growth of digital assets could pose risks to the country’s financial system if left outside regulatory supervision. The recommendation formed part of the IMF’s latest assessment of Nigeria’s economy, where the Fund’s Executive Directors […]

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