Nigeria’s Presidential candidate promises cryptocurrency regulation
Presidential candidate of Nigeria, Atiku Abubakar, ahead of its general elections in February 2019 has reportedly included the creation of a “comprehensive blockchain and digital currency policy” in his ‘Get Nigeria Working Again’ policy document. According to the document analysed by Daily Post, Abubakar aims to speed the economy up positively through blockchain and cryptocurrency.
Currently, the country is still suffering from the devastating 2016 recession as well as an accompanying global oil price slump. Atiku, who served as the vice-President of Nigeria between 1999 and 2007 promises that if he wins the presidential election of Nigeria which is scheduled for February 16, 2019 his government’s aim will be to catalyse economic growth through blockchain and cryptocurrency regulation. According to his policy document, his government will take care of the creation of a comprehensive on blockchain technology and cryptocurrency policy. The ultimate aim is to provide opportunities for Nigerians and for raising revenue for the government.
At the launch of his policy plan, he said, “My mission is to ensure that Nigeria’s economy is responsive to the challenges of the 21st-century knowledge economy by keeping with the amazingly dynamic technological pace.”
Reportedly, Atiku will be directing the production of the policy on blockchain and digital assets with the help of relevant government agencies. This will help to ensure that it is regulated and managed in such a way that it not only provides job opportunities but also provides income for the government & the people of the country.
He said, “In harnessing the potentials of the new economy, we shall promote the Production of a comprehensive policy on blockchain technology and crypto-currencies by the relevant government agencies.” He further added, “The terms of this mandate will ensure that these areas are regulated and managed in a way that provides job opportunities as well as income for the government and people of Nigeria.”
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