The Nigerian cryptocurrency community has supported Europe’s MiCA stablecoin rules, claiming they are fundamental and demanding that ECOWAS follow suit. The analyst Obinna Uzoije outlines the advantages of stablecoins in African transactions. The MiCA’s new stablecoin regulation, which starts on June 30, requires companies to get licenses for asset-referenced and e-money tokens at all venues across the EU, with no transition period.
Nigeria Urged to Embrace European-Inspired Crypto Regulations
