Express

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

Last Update:

Tags: ,,,
Link: Nigeria is Establishing a New Regulatory Framework for Cryptocurrency and Blockchain   [Copy]
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 15 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 8 days ago
  • You need to login to comment.