[Central Bank of Nigeria Issues Virtual Asset Regulations, Setting Capital Threshold of 15 Billion Naira for Foreign Currency Stablecoin Issuers] According to DeepFlow TechFlow on November 6th, the Central Bank of Nigeria (CBN) has released regulations outlining a regulatory framework for non-securities virtual assets, covering the issuance, exchange, custody, transfer, and settlement of stablecoins. The regulations stipulate that licensed issuers of foreign currency-pegged stablecoins must maintain at least 15 billion Naira in paid-up capital; the threshold for Naira-pegged stablecoin issuers is 10 billion Naira. Before releasing or crediting regulated tokens, P2P service providers must verify that the name and bank verification number of the Naira payment account match the verified clients they serve. The regulations state that the CBN will specify the effective date in its published document.