Nigeria, the most densely populated country in Africa, announced that they will work in partnership with Binance to create a digital economy space.
According to the statement made by the Nigerian Export Processing Zones Authority (NEPZA), the developing country of West Africa, Nigeria, is the world’s largest cryptocurrency exchange. Binance will collaborate to create a digital economy space. The project, which plans to create a structure similar to Dubai’s virtual free zone, It will be the representative of a first in West Africa.
Especially the country that wants to get rid of oil trade as the only economic resource and to carry out studies in different innovative fields, blockchain technology cannot be ignored. On the other hand, it is known that the interest of Nigerian citizens is quite high. However, the Nigerian government has not had a good relationship with onshore crypto companies, despite this public interest. But in line with these latest developments, a local stock market Nigeria Exchange Ltdannounced that it plans to launch a blockchain-enabled platform next year to deepen trading on the exchange. Also, this year the government regulations for trading in digital assets made.
It is known that the experienced exchange Binance, which has made great efforts to spread blockchain technology in every possible field, will be accompanied by Nigeria on this journey, which is positively received by the local people.