- Nigeria’s SEC approves stablecoin regulatory framework under Investment and Securities Act 2025.
- Leadership by Dr. Emomotimi Agama is pivotal.
- Framework is expected to boost stablecoin usage amidst Naira volatility.
Nigeria’s Securities and Exchange Commission has allowed regulated stablecoin operations under the Investment and Securities Act 2025, establishing the continent’s first precise framework for these digital assets.
This regulatory shift signals Nigeria’s embrace of cryptocurrency, potentially boosting stablecoin demand and increasing integration in its financial markets.
Nigeria’s SEC has introduced a regulatory framework under the Investment and Securities Act 2025 for stablecoins, signaling a historic regulatory shift. This move marks Nigeria as the first African nation to officially regulate these digital assets.
At the forefront of this shift is Dr. Emomotimi Agama, leading the stablecoin regulatory agenda. The Central Bank of Nigeria refocuses on payment systems, while stablecoin oversight transitions to the SEC.
The new framework allows both domestic and international stablecoin issuers with compliance, reserve, and licensing obligations, creating an open market. The SEC introduces an Accelerated Regulatory Incubation Program to monitor digital asset innovation.
Financial implications include increased on-chain stablecoin transactions, bolstered by the Naira’s volatility driving demand for dollar-backed digital assets. SEC aims for alignment with global practices.
Stakeholders anticipate a surge in stablecoin activity, aligning with global trends in the US, UAE, and EU. This framework invites both local and foreign market participants.
The regulation may enhance financial transparency and boost confidence in controlled digital asset markets. Nigeria’s prior cautious stance underscores the significance of this regulatory progress.
Dr. Emomotimi Agama, Director-General, Nigeria’s SEC, – “My message today is clear: Nigeria is open for stablecoin business, but on terms that protect our markets and empower Nigerians.”
