Nigeria invites stablecoin startups, a year after Binance crackdown

Nigeria’s regulatory stance is changing positively towards stablecoins after a year of restrictions from the Binance crackdown, with the SEC actively engaging with compliant firms.

Agama aims for Nigeria to become a stablecoin hub within five years, enhancing trust in the crypto sector and encouraging cross-border transactions from countries like Dakar to Dar es Salaam.

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