Femi Gbajabiamila, speaker of the Nigerian House of Representatives, wants the country to develop a legislative framework to regulate cryptocurrencies.
Local newspaper Daily Post reported yesterday that he has asked the authorities of the country to develop a legislative framework to regulate digital currencies in order to encourage their development, since, according to him, Nigeria should not be left behind as digital coins are massively adopted.
"On the issue of cryptocurrency, I think blockchain technology is novel and coming up strong. We don’t want to be left behind. [...] I think the world is taking the issue of cryptocurrency and block-chain technology seriously. We don’t want to be left behind, and we have to take it seriously."
In April of this year Ihodl Spain reported that a cryptocurrency exchange had been accused before the Nigerian financial regulator for closing the accounts of its users.
In the same month we reported that bitcoin's price increase had multiplied by 3 the searches of the term bitcoin in Google. Nigeria was one of the countries with a higher number of search requests for this word.
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