Hi guys, I trust your day has been highly AMPLified. So I was going through the latest cryptocoin news in my country and I stumbled on these, according to Sam bourgi writing for the cointelegraph, he said the federal ministry of finance is In talks with security and exchange commission in Nigeria, to develop a profitable framework for cryptocurrency and blockchain- a move that could accelerate adoption In African largest economy.
According to business day, a intelligence publication of Nigeria market reported on Tuesday that, the ministry of finance in collaboration with the SEC are In talks to provide a regulatory background for blockchain.
Back on September, the sec said digital assets are recognised as commodities and governed by appropriate securities law In Nigeria
Bitcoin and other cryptocurrency are growing in recognition, as the country struggles with capital control, the naira devaluation and it's citizen protesting against the police brutality.
Nigerian official are positive about the adoption of blockchain with the hope of generating $10 In revenue from the new technology by 2030.
