The future looks bright for Crypto.

The future looks bright, yes it does!

Another great news for the crypto community as it shows that more countries are getting involved and showing interest in cryptocurrency. Last year we had the government of El Salvador adopted Bitcoin as a legal currency to be used in their country.

Now we have Nigeria and Binance exchange talking in their early stage to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses.

NEPZA (Nigeria Export Processing Zones Authority) managing director Adesoji Adesugba said the proposed zone will be a first in West Africa and act similar to Dubai’s virtual zones, which are designed to provide crypto-friendly laws, regulations, and tax incentives for crypto businesses.

Fewer restrictions and more incentives for crypto businesses should be welcome news for investors who want to venture into the crypto business sector. This should help push the price of the crypto market and invite other countries to invest or at least welcome crypto businesses.

What do you think of this?
Personally, I do hope it does happen and see more countries welcome crypto into their economy.

Source of information: https://cointelegraph.com/news/nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone