{"id":490381,"date":"2022-09-05T07:57:05","date_gmt":"2022-09-05T04:57:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone\/"},"modified":"2022-09-05T07:57:05","modified_gmt":"2022-09-05T04:57:05","slug":"nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone\/","title":{"rendered":"# Nigeria, Binance in early-stage talks for crypto-friendly economic zone"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af7e8ecb6864\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af7e8ecb6864\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone\/#%E2%80%9D_Nigeria_Binance_in_early-stage_talks_for_crypto-friendly_economic_zone_%E2%80%9C\" >&#8221; Nigeria, Binance in early-stage talks for crypto-friendly economic zone &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Nigeria_Binance_in_early-stage_talks_for_crypto-friendly_economic_zone_%E2%80%9C\"><\/span>&#8221; Nigeria, Binance in early-stage talks for crypto-friendly economic zone &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYzI1MzZmZjMtZTMyMC00YmZiLTliMWMtODMxZTFmZTNhMGRmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-3511d6da>The Nigerian government has held a preliminary meeting with crypto exchange Binance to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses.<\/p>\n<p>According to a Sept. 2 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/von.gov.ng\/nepza-binance-to-develop-virtual-free-trade-zone-in-nigeria\/\">post<\/a> from the Nigeria Export Processing Zones Authority (NEPZA), the authority has held preliminary talks with Binance and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> infrastructure company Talent City to discuss the proposed digital city, referred to as a \u201cVirtual Free Zone.\u201d<\/p>\n<p>NEPZA managing director Adesoji Adesugba said the proposed zone will be a first in West Africa and act similar to Dubai\u2019s virtual zones, which are designed to provide crypto-friendly laws, regulations, and tax incentives for crypto businesses.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"in\" dir=\"ltr\">Professor Adesoji Adesugba (NEPZA MD\/CEO), Sameera Kimatrai (Binance Senior Legal Counsel), Luqman Edu (CEO Talent City), Sikiru Lawal (NEPZA Director). <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/73scHU4hYE\">pic.twitter.com\/73scHU4hYE<\/a><\/p>\n<p>\u2014 NEPZA (@officialNEPZA) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/officialNEPZA\/status\/1565685796144807937?ref_src=twsrc%5Etfw\">September 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nNigeria has one of the highest rates of cryptocurrency adoption worldwide, with over 22 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/triple-a.io\/crypto-ownership-data\/\">million<\/a> crypto owners according to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">Trip<\/a>le A.<\/p>\n<p>Adesugba said the zone would help develop Nigeria\u2019s digital economy and \u201cwiden employment opportunities\u201d for Nigerian citizens, stating: <\/p>\n<blockquote><p>\u201cOur goal is to engender a flourishing virtual free zone to take advantage of a near trillion dollar virtual economy in blockchains and digital economy.\u201d <\/p><\/blockquote>\n<p>The early-stage plans were discussed on Friday during a meeting between\u00a0Adesugba, Binance Executive Director Nadeem Ladki, Talent City CEO Luqman Edu, and NEPZA director\u00a0Sikiru Lawal  in Dubai.<\/p>\n<p>Adesugba added that the move would be part of Nigeria&#8217;s economic development agenda, with the vision to further drive crypto adoption in the West African region. <\/p>\n<p>&#8220;We seek to break new grounds to widen economic opportunities for our citizens in line with the mandate of the Authority, the directive of the Honorable Minister and the economic development agenda of President Muhammadu Buhari,\u201d he said. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Safe Space: A Guide to Special Economic Zones for Crypto, From China to Switzerland<\/em><\/strong><\/p>\n<p>Fueled by an inadequate financial system and unstable government policies and inflation, crypto adoption across Africa has continued to rise over the last few years.\u00a0<\/p>\n<p>A recent CoinGecko survey found Nigerian residents to be the most crypto-obsessed nation, having searched the terms \u201ccryptocurrency\u201d and \u201cbuy crypto\u201d more than any of the other 14 countries surveyed. <\/p>\n<p>Nigeria also launched eNaira in Oct. 2021 &#8211; the nation&#8217;s first central bank digital currency (CBDC), which is currently in its second phase and is aimed to drive financial inclusion by onboarding the unbanked citizens of Nigeria. <\/p>\n<p>Cointelegraph has reached out to Binance for more details about the discussions but did not receive an im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te reply.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Nigeria, Binance in early-stage talks for crypto-friendly economic zone &#8220; The Nigerian government has held a preliminary meeting with crypto exchange Binance to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses. According to a Sept. 2 post from the Nigeria Export Processing Zones Authority (NEPZA), the authority has held&#8230;<\/p>\n","protected":false},"author":1,"featured_media":490382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYzI1MzZmZjMtZTMyMC00YmZiLTliMWMtODMxZTFmZTNhMGRmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,76358,74355,25562,117,70934],"class_list":["post-490381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-nigeria","tag-adoption","tag-africa","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=490381"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/490382"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=490381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=490381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=490381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}