News
Nigeria requires stablecoin issuers to localize or lose retail access
Nigeria’s new regulations, effective November 5, give existing stablecoin operators 180 days to apply for local licensing, mandating a staffed Nigerian office and a resident chief compliance officer; foreign licensing or intermediaries are insufficient. A separate route allows foreign‑issued stablecoins only for approved wholesale settlement. Canada’s budget proposes a bank‑subsidiary model for stablecoins, removing deposit insurance and targeting a 2027 framework rollout. Bitcoin Lightning’s October 30 update disables default MPTCP listeners but leaves an underlying Linux kernel flaw unresolved, requiring patched kernel installation.