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Nigeria is Establishing a New Regulatory Framework for Cryptocurrency and Blockchain

Amy Liu

Summary: Nigeria’s Finance Ministry is in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies, which could accelerate adoption in Africa’s largest economy. According to SEC Nigeria:“The general objective of regulation is not to hinder technology or stifle innovation, but to create standards that encourage ethical practices that ultimately make ...

Nigeria’s Finance Ministry is in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies, which could accelerate adoption in Africa’s largest economy. According to SEC Nigeria:“The general objective of regulation is not to hinder technology or stifle innovation, but to create standards that encourage ethical practices that ultimately make for a fair and efficient market.”

By Amy Liu

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