NEPZA, the Nigerian government agency in charge of export processing zones, announced on Saturday that it is in talks with cryptocurrency exchange Binance to establish a "virtual free zone" dedicated to blockchain technology and the digital economy.
The National Economic and Production Zones Authority (NEPZA) hopes that the end outcome will be comparable to Dubai's online free zone.
Intending to foster sustainable economic growth and lure a wide variety of crypto enterprises to become licensed in the emirate, Binance committed in December of last year to assist Dubai in establishing an industrial hub for global digital assets.
Professor Adesoji Adesugba (NEPZA MD/CEO), Sameera Kimatrai (Binance Senior Legal Counsel), Luqman Edu (CEO Talent City), Sikiru Lawal (NEPZA Director). pic.twitter.com/73scHU4hYE
— NEPZA (@officialNEPZA) September 2, 2022
Digital City Plan for Nigeria by Binance
According to Bloomberg reports, the government of Nigeria is in advanced talks with the crypto...
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