REGULATION | Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans Algorithmic Tokens
Published . Updated .
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This report is about crypto and Africa.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
iShares Bitcoin Trust: it follows bitcoin. Linked by “stablecoin” (crypto) in this story.
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“nigeria”).
- COIN Coinbase Global
Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story.
- MSTR Strategy
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story.
- MARA MARA Holdings
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story.
- RIOT Riot Platforms
Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| IBIT | +1.12% | +5.69% | base | after close | after close | after close | after close |
| AFK | -4.17% | -1.13% | base | after close | after close | after close | after close |
| COIN | +2.28% | +12.47% | base | after close | after close | after close | after close |
| MSTR | +1.36% | +10.45% | base | after close | after close | after close | after close |
| MARA | +1.34% | +8.43% | base | after close | after close | after close | after close |
| RIOT | -29.17% | -7.90% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
REGULATION | Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans Algorithmic Tokens BitKE
Source: BitKE
This story
| Company | When | Move | Status |
|---|---|---|---|
| AFK | three days earlier | -1.13% | final price |
| AFK | five days earlier | -4.17% | final price |
| COIN | three days earlier | +12.47% | final price |
| COIN | five days earlier | +2.28% | final price |
| IBIT | three days earlier | +5.69% | final price |
| IBIT | five days earlier | +1.12% | final price |
| MARA | three days earlier | +8.43% | final price |
| MARA | five days earlier | +1.34% | final price |
| MSTR | three days earlier | +10.45% | final price |
| MSTR | five days earlier | +1.36% | final price |
| RIOT | three days earlier | -7.90% | final price |
| RIOT | five days earlier | -29.17% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 81 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 89 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 89 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“REGULATION | Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans Algorithmic Tokens” scores 12 out of 100. The score uses 1 sources.