{"id":62842,"date":"2022-09-05T09:58:29","date_gmt":"2022-09-05T02:58:29","guid":{"rendered":"https:\/\/wikibinance.com\/?p=62842"},"modified":"2023-01-10T17:32:43","modified_gmt":"2023-01-10T10:32:43","slug":"binance-partners-with-nigeria","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/news\/binance-partners-with-nigeria.html","title":{"rendered":"Binance cooperates with Nigeria to develop a digital economic zone"},"content":{"rendered":"

The collaboration of Binance and Nigeria<\/strong><\/h2>\n
Binance<\/a>, the leading cryptocurrency exchange all around the world, has cooperated with Nigeria to develop a digital economic zone that will support blockchain technology adoption in West Africa.<\/div>\n
According to the statement of Export Processing Zones Authority, the goal of partnership is to harbour a digital hub that will be similar to Dubai’s virtual free zone.<\/div>\n
The space will be the first in the West African region once completed. Therefore, entrepreneurs in the West\u00a0African nation have opportunity to veer into blockchain technology.<\/div>\n
https:\/\/twitter.com\/WatcherGuru\/status\/1566423182768312320?s=20&t=htXLTZbeFr2pw0DyWbvc8A<\/div>\n
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Our goal is to engender a flourishing virtual free zones to take advantage of a near trillion dollar virtual economy in blockchains and digital economy,” Adesugba, NEPZA\u2019s Managing Director said.<\/div>\n<\/blockquote>\n

The crypto adoption of Nigeria<\/strong><\/h2>\n
The Central Bank of Nigeria required commercial banks to stop facilitating cryptocurrency transactions in 2021 to avoid the risk of crypto to financial system.<\/div>\n
Meanwhile, the\u00a0Securities and Exchange Commission\u00a0released a rulebook for digital assets in May to ensure investors\u2019 protection and market transparency.<\/div>\n
On the other hand, this country has gained a high crypto adoption. It is one of the largest crypto markets with more than $1 billion peer-to-peer Bitcoin trading volume from January to June 2022.<\/div>\n
With the aim of increasing investment in its regional economy, Nigeria Stock Exchange (NGX) Ltd. is planning to introduce a blockchain-enabled exchange platform in 2023.<\/div>\n
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\"Binance
Binance cooperates with Nigeria to develop a digital economic zone<\/figcaption><\/figure>\n

Binance increases adoption of the mainstream blockchain<\/strong><\/h2>\n<\/div>\n
Binance<\/a>‘s partnership with Nigeria follows a similar move the exchange made with the South Korean city of Busan. Binance<\/a> had signed a MoU with Busan to provide the city with infrastructural and technological support and promote Busan\u2019s blockchain ecosystem as well as Busan\u2019s Digital Asset Exchange.<\/div>\n
Beside that, Binance also made an agreement with the Securities and Exchange Regulator of Cambodia (SERC) to develop the securities industry of the country.<\/div>\n
Meanwhile, Binance recently launched a crypto education center in Cameroon to further boost crypto and blockchain adoption in the African country.
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The collaboration of Binance and Nigeria Binance, the leading cryptocurrency exchange all around the world, has cooperated with Nigeria to develop a digital economic zone that will support blockchain technology adoption in West Africa. According to the statement of Export Processing Zones Authority, the goal of partnership is to harbour a digital hub that will […]<\/p>\n","protected":false},"author":28,"featured_media":62850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[392],"tags":[1457,1842,3997],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/62842"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=62842"}],"version-history":[{"count":4,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/62842\/revisions"}],"predecessor-version":[{"id":89465,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/62842\/revisions\/89465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/62850"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=62842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=62842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=62842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}