CBN prescribes N10bn, N15bn minimum capital for stable coins users, virtual asset providers
Abuja, Nov. 7, 2026 – In the bid to keep an eye on operation of crypto currencies in the country, the Central Bank of Nigeria (CBN) has prescribed N10 billion minimum capital requirement for stablecoin issuers and N15 billion minimum capital for other virtual asset service providers.
The new minimum capital requirements are to take effect on November 5, 2026.
The CBN announced this in a statement on Friday.
According to the guidelines, Class 1 licensed issuers, covering naira-referenced stablecoins, are required to have N10 billion minimum paid-up capital, while Class 2 issuers, covering foreign currency-referenced stablecoins, must have N15 billion.
The apex bank explained that Class 1 stablecoins are digital tokens designed to maintain a stable value against the naira, while Class 2 stablecoins are pegged to foreign currencies, including the US dollar.
It said the capital requirements must be maintained at entry and throughout the period of operation, adding that it reserves the right to prescribe higher amounts.
The CBN ruled out exemptions for offshore issuers, stating that all operators must comply with Nigerian incorporation, licensing and capital requirements.
“Both classes shall comply with the capital deposit and corresponding evidence and supplementary requirements in Section 17.
“There is no offshore issuer exemption from incorporation, licensing or capital,” it said.
