#Nigeria #stablecoin #innovation #manage #risk #IMF
Rapid stablecoin growth is easing longstanding frictions in cross-border transactions in Nigeria, but is testing the limits of the country’s existing monetary and regulatory frameworks, the International Monetary Fund has said.
In a report published on June 16, the IMF explained the popularity of dollar-backed digital assets in Nigeria and set out four priorities for managing the risks they posed.
According to the IMF, Nigeria received around $59 billion in crypto asset inflows between July 2023
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Currency – centralbanking.com
Source link