Nigeria is establishing a framework for widescale crypto adoption
Cointelegraph
Published Nov 24, 2020 05:22PM ET
Updated Nov 24, 2020 07:00PM ET
Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies -- a move that could accelerate adoption in Africa’s largest economy.
Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of Finance is working with the Abuja-based Securities and Exchange Commission, or SEC, to “provide a regulatory environment for blockchain” and digital assets. The publication cites Ministry adviser Amstrong Takang speaking at an industry event in Lagos on Tuesday.
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Written By: Cointelegraph
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