Nigerian government seeks balance between cryptocurrency innovation and regulation

CoinRank News: Nigerian Information Minister Mohammed Idris said the government is working to find a balance between promoting cryptocurrency innovation and strengthening regulation to build a safer and more inclusive digital economy and empower citizens. Nigeria has always been one of the countries with a high rate of cryptocurrency adoption in the world. The government hopes to promote the development of encryption technology while maintaining financial stability and create more opportunities for the countrys economy. (Cointelegraph)