Nigeria’s central bank will explore the potential of stablecoins, the adoption of blockchain technology to power a central bank digital currency (CBDC) and regulatory considerations related to initial coin offerings (ICOs) over the next two years.
These are the key takeaways of a policy document titled Nigeria Payments System Vision 2025, published by the Central Bank of Nigeria (CBN). The 83-page document touches on a variety of implications for its existing payments landscape, with blockchain-based systems coming to the fore.