Nigeria To Pass A Bill Legalizing Bitcoin And Crypto, Following El Salvador’s Massive BTC Support

It’s been just revealed that the masa adoption of Bitcoin and the digital assets continues. Check out the latest reports about Nigeria below.

Check out the tweet that has been recently shared:

JUST IN: 🇳🇬 Nigeria to pass bill legalizing #Bitcoin and crypto – Local Newspaper 🙌

— Bitcoin Magazine (@BitcoinMagazine) December 18, 2022

Someone commented: “Yeah, before the crypto was banned here, we were third in the crypto market after China.

So we are very important indeed.” One other follower said: “Was it not legal before now? I was on twitter space they claimed it isn’t illegal to be into crypto, but said CBN only disallow using the banks to trade BTC 🤔 Also they claim that they require transparency with anyone dealing crypto to ensure they are use for legitimate purpose.”

El Salvador as a nation became a sort of Bitcoin “maximalist” through its President a while ago. You probably remember that not too long ago, it’s been revealed that the nation is doubling down on its bet on cryptos even in the midst of a bear market.

The first country to declare Bitcoin as legal tender is now working on a Digital Asset Issuance Law. It’s important to note the fact that this would facilitate operations with any crypto asset.

According to a document available on the official website of the National Assembly of El Salvador, the law would regulate the transfer operations of any digital asset. It’s also important to note the fact that this is seeking to “promote the efficient development of the digital asset market and protect the interests of acquirers.”

On Twitter, Bukele recently made the announcement that his country will begin purchasing one BTC every day.

“We are buying one Bitcoin every day starting tomorrow.”