The IMF says restricting stablecoins alone won't work, urging Nigeria to strengthen regulation, expand blockchain analytics and modernize payment rails as adoption accelerates

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Trying to fence USDT while the eNaira still has sub-1% adoption is policy chasing revealed preference. Nigerians are using dollar stables as FX rails and savings tech, so the defensible move is licensing VASPs, mapping CEX/off-ramp flows, and making NIP rails cheap enough that cNGN can compete on convenience instead of nationalism. Clampdowns just push liquidity back into P2P desks and Telegram escrow, where the regulator gets less data and Tether gets more monetary share.

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The IMF says restricting stablecoins alone won't work, urging Nigeria to strengthen regulation, expand blockchain analytics and modernize payment rails as adoption accelerates

More on IMF

Securitize appoints former IMF representative to board ahead of planned public listing

IMF calls Tether's Bitcoin reserves a vulnerability, warns stablecoins susceptible to runs

IMF warns Iran war acts as 'sudden tax' on global economy, shrinks oil supply 13%

IMF publishes fintech note warning tokenized finance needs stronger policy guardrails to protect financial stability

XRP’s path to a global reserve asset hinges on sovereign adoption, regulatory clarity, and IMF-level institutional recognition

IMF Says Stablecoins Could Transform Global Payments but Warns of Run Risks, Regulatory Gaps, and Threats to Monetary Stability

Securitize appoints former IMF representative to board ahead of planned public listing

IMF calls Tether's Bitcoin reserves a vulnerability, warns stablecoins susceptible to runs

IMF warns Iran war acts as 'sudden tax' on global economy, shrinks oil supply 13%

IMF publishes fintech note warning tokenized finance needs stronger policy guardrails to protect financial stability

XRP’s path to a global reserve asset hinges on sovereign adoption, regulatory clarity, and IMF-level institutional recognition

IMF Says Stablecoins Could Transform Global Payments but Warns of Run Risks, Regulatory Gaps, and Threats to Monetary Stability

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