• btc = $51 161.00 - 627.47 (-1.21 %)

  • eth = $2 950.06 -25.18 (-0.85 %)

  • ton = $2.10 -0.02 (-0.96 %)

  • btc = $51 161.00 - 627.47 (-1.21 %)

  • eth = $2 950.06 -25.18 (-0.85 %)

  • ton = $2.10 -0.02 (-0.96 %)

5 Sep, 2022
1 min time to read

Nigerian authorities and Binance discuss the establishment of a digital economic zone that will help entrepreneurs fast track blockchain technology in the country.

As part of the partnership a crypto hub “similar to the Dubai virtual free zone,” will be built in the country, Bloomberg reports. Nigeria sees digital technology as a means to diversify its economy away from crude oil.

This year, Nigerian government enacted regulations for trade in digital assets, while Nigerian stock exchange plans to start a blockchain-enabled platform next year.

Nigeria’s citizens showed more interest in cryptocurrencies than any other country since the digital assets began to decline in April, according to a study by price tracker CoinGecko.