'There is little appetite to adopt the current round of ICOs given their lack of regulation,' the payments system document states. stablecoin regulation
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also discusses the regulation of initial coin offerings and how these can become “a new way to attract foreign direct investment and raise capital.
“There is little appetite to adopt the current round of ICOs given their lack of regulation. However, given the role of ICOs as an asset class, there is potential for adopting the technology of ICOs as a new approach to fundraising for capital projects or peer-to-peer lending or crowdfunding ,” reads the document.
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