Nigerian national blockchain policy gets government approval By Cointelegraph

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The government of Nigeria — one of the world’s most curious nations about cryptocurrencies like (BTC) — has approved a national blockchain policy during its meeting on May 3, 2023. The approval was in response to a memo presented by Isa Ali Ibrahim, the Minister of Communications and Digital Economy.

In the announcement, The Federal Ministry of Communications and Digital Economy (FMCDE) cited a report from PricewaterhouseCoopers (PwC) predicting the widespread adoption of blockchain technology across various industries could potentially contribute $1.76 trillion to the global gross domestic product by 2030, representing 1.4% of the world’s GDP.

Nigerian President Muhammadu Buhari and members of the digital economy council. Source: Benjamindada.com