Stablecoins for stable markets: Why regulators should put market stability first

Across various jurisdictions, there is still a high level of uncertainty regarding how stablecoins should be regulated. Generally, below are the major options regulators have been considering: options being: 1. Proposing a custom regulatory framework for stablecoins; 2. Imposing an outright ban on stablecoins; or 3. Adopting and incorporating stablecoins into already existing regulatory frameworks.

(Part 2) The Voice of Reason—What did Nigeria’s blockchain & crypto industry tell the Central Bank of Nigeria in February 2021?

The Voice of Reason draws deserving attention to key issues in Nigeria’s policy and regulatory environment, with focus on the emerging blockchain industry. The Voice of Reason, we hope, will stimulate the missing rational public conversation on key issues affecting players and stakeholders in Nigeria’s emerging blockchain industry.

Central Bank of Nigeria (CBN) directs all banks in Nigeria to close the accounts of persons engaging in cryptocurrency trading; Bank-account owners; Nigerians groan; protest.

In what appears to be a Central Bank of Nigeria (CBN) clampdown persons engaging in cryptocurrency trading in Nigeria, banks in the country have been blocking, closing, and/or freezing the bank accounts of many persons suspected to be using their their accounts to trade cryptocurrency.

(Part 1) The Voice of Reason—What did Nigeria’s blockchain & crypto industry tell the Central Bank of Nigeria in February 2021?

The Voice of Reason draws deserving attention to key issues in Nigeria’s policy and regulatory environment, with focus on the emerging blockchain industry. The Voice of Reason, we hope, will stimulate the missing rational public conversation on key issues affecting players and stakeholders in Nigeria’s emerging blockchain industry.