Nigeria Approves National Blockchain Policy
ABUJA, NG – Nigeria’s government has approved a national blockchain policy developed by the Federal Ministry of Communications and Digital Economy. The policy aims to create an economy powered by blockchain technology that facilitates “secure transactions, data sharing, and value exchange between people, businesses, and government.”
The Ministry tweeted its press release outlining the policy’s vision to enhance innovation, trust, growth, and prosperity for all. While the policy document remains undisclosed to the public, the Federal Executive Council has directed regulators such as the country’s central bank and SEC to develop regulatory instruments for deploying blockchain technology across various economic sectors.
It’s worth noting that the tweet did not mention cryptocurrencies, which the Nigerian government cracked down on earlier this year after the country emerged as one of the fastest digital asset adopters in the world. However, Nigeria’s SEC is considering permitting token exchanges to operate within the country.
