India and Nigeria Are Making Major Crypto Moves, But In Different Directions
Government officials from India and Nigeria both made statements on crypto today, but they took surprisingly different directions. Both explicitly acknowledged pros and cons, yet their speeches have many key differences.
India’s Minister of Commerce and Industry focused on the negatives of Web3, although he alluded to a CBDC. Nigeria, meanwhile, is forming a Committee to profitably engage with this risky yet lucrative industry.
As the Web3 industry keeps growing and growing, jurisdictions around the world are forced to grapple with the questions of crypto regulation.
Today, two major regional economies, Nigeria and India, both saw high-level government officials make statements on crypto…
