Blockchain
Nigeria’s authorities authorised a nationwide blockchain coverage on Wednesday as a part of the nation’s effort to transition to a digital economic system.
The Federal Ministry of Communications and Digital Financial system developed the coverage, in keeping with an announcement tweeted by the ministry.
“The imaginative and prescient of the Coverage is to create a Blockchain-powered economic system that helps safe transactions, information sharing, and worth trade between individuals, companies, and Authorities, thereby enhancing innovation, belief, development, and prosperity for all,” the assertion stated.
The coverage doc does not seem to have been made public but.
The tweet didn’t point out cryptocurrencies, which the federal government cracked down on in 2021 after the nation emerged as one of many quickest digital asset adopters on the planet.
The cupboard, often called the Federal Govt Council, directed regulators just like the Central Financial institution of Nigeria and the Securities and Change Fee (SEC) “to develop regulatory devices for the deployment” of blockchain tech throughout numerous sectors of the economic system. Earlier within the week, Bloomberg reported that the SEC was contemplating permitting tokenized coin choices backed by fairness, debt or property – however “not crypto” – on licensed digital asset exchanges.
“A multi-sectoral Steering Committee has additionally been authorised to supervise the implementation of the Coverage,” the assertion stated.
CoinDesk has reached out to the Federal Ministry of Communications and Digital Financial system for remark.
Learn extra: Nigeria’s SEC Mulls Permitting Tokenized Fairness, Property however Not Crypto: Bloomberg
