Nigeria approves the establishment of a national policy for a "blockchain-driven economy."

ChainCatcher news, the Nigerian government has approved a national blockchain policy as part of the country's efforts to transition to a digital economy. The policy was developed by the Federal Ministry of Communications and Digital Economy, and the policy document has not yet been made public.

According to a statement from the federal government department's tweet, the vision of the policy is to create a blockchain-powered economy that supports secure transactions, data sharing, and value exchange among individuals, businesses, and the government, thereby enhancing innovation, trust, growth, and prosperity for all. The implementation of the national blockchain policy will have a positive impact on both the public and private sectors of the country.

The Federal Executive Council has directed relevant regulatory agencies to develop regulatory tools to deploy blockchain technology across various economic sectors. (CoinDesk)