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Scale of Stablecoin Adoption in Nigeria Makes Risks 'More Pronounced', Says IMF

As reported by Decrypt
Efforts to suppress stablecoin use are “likely to be only partly effective,” the International Monetary Fund’s researchers said.
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The International Monetary Fund (IMF) has highlighted that the extensive adoption of stablecoins in Nigeria is significantly increasing associated financial risks. IMF researchers suggest that attempts to curb the use of these digital currencies are unlikely to be fully…

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