Nigeria is about to pass a bill that recognizes Bitcoin and digital currencies

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The Nigerian government plans to pass a law that would recognize the use of Bitcoin and other cryptocurrencies as “investment capital.”

According to the chairman of the House of Representatives Committee on the Capital Market, Babangida Ibrahim, the recognition of digital assets is a means of keeping up with “global procedures”. It is important to note that the move comes almost 24 months after Nigeria banned crypto activities in February 2021.

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