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]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 7 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 14 days ago

    • You need to login to comment.