The Nigerian government has officially approved the National Policy on Blockchain drafted by the Federal Ministry of Communications & Digital Economy, paving the way for the formal use of blockchain technology in the country. While the policy is not yet public, the move marks a pro-crypto shift in Nigeria and has left many wondering if cryptocurrencies will now be legalized. The news follows the recent announcement that the Nigeria Securities and Exchange Commission plans to support asset tokenization and the meeting between another government agency and Binance to discuss establishing a virtual assets free trade zone in the country.