Wednesday, September 13, 2023

Energy Deregulation in Nigeria Could Lead to Bitcoin Mining Gold Rush

Are Western countries falling behind in developing a digital currency?

The article is confusing and not well written!

"... The recent Nigerian regulatory approach towards the effective utilization of these carbon-emission-free energy sources is a step in the right direction. Leveraging and setting up private and institutional Bitcoin mining farms in Nigeria would have been more of a daunting task than a duck soup without favorable policies and friendly regulatory environment. Encouraging policies are the driving force towards a growing economy. Restructuring policies was one of the factors that triggered decisions leading to approving the Nigeria Blockchain Policy Bill as well as signing the Electricity Act into law.  ..."

Energy Deregulation in Nigeria Could Lead to Bitcoin Mining Gold Rush - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights Nigeria partially de-regulating energy production to incentivize renewable energy offers Bitcoin miners big opportunity.

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