Nigeria, Binance to Establish Digital Economic Zone
Nigeria’s citizens showed more interest in cryptocurrencies than any other country since the digital assets began to decline in April.
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.
