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Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions
13.9.2022
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restrictions. Individuals may not hold local currency whose value exceeds $57.00 or 3,000 birr....
Bitpapa Enters Kenyan Cryptocurrency Market
12.9.2022
PRESS RELEASE. In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces have become the platforms of choice across Africa. As the world leader in P2P cryptocurrency exchange, Kenya has drawn much attention from many P2P exchange service...
Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round
11.9.2022
After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa....
Report: Legal Experts Say Nigeria in Need of ‘Clear-Cut Guidelines’ for Crypto Industry
8.9.2022
Authorities in Nigeria have been told to consider upgrading the country’s cryptocurrency regulatory guidelines because current regulations are not consistent with the realities on the ground. According to legal experts, the growing interest in cryptocurrencies by Nigerians means the country...
Report: Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset
8.9.2022
A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoin “as...
Binance Partners With Nigerian Authorities to Launch Dubai-Like Digital Economic Zone
5.9.2022
Major crypto exchange Binance is expanding its presence in Africa by launching a partnership with Nigeria’s authorities to build a Dubai-like digital economic zone. ...
Read More: Binance Partners With Nigerian Authorities to Launch Dubai-Like Digital Economic Zone
Crypto Exchange CEO Arrested, Ethereum Scaling, Nexo's Buyback Initiative + More News
30.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Exchange CEO Arrested, Ethereum Scaling, Nexo's Buyback Initiative + More News
Organizations bring Africa, Costa Rica and Ukraine to the Metaverse to raise awareness
30.8.2022
Web3 users will soon be able to experience Africa, Costa Rica and Ukraine in the Metaverse, as organizations recreate virtual environments with a purpose
More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria, Study Shows
30.8.2022
With an estimated 53 million cryptocurrency owners, the African continent now accounts for 16.5% of the global total, a study has found. The study findings suggest that Nigeria, which has more than 22 million crypto owners, currently accounts for more than a third of the continent’s total...
Nigerian Central Bank Slashes CBDC Transaction Fees by 50%
30.8.2022
The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital currency (CBDC) platform. The central bank also believes that wider adoption of the CBDC...
Central African Republic court says new $60,000 citizenship by crypto investment program is unconstitutional
29.8.2022
The move comes one month after the CAR rolled out the new incentive to boost crypto innovation in the country
South African rugby icon Siya Kolisi headlines new crypto advertising campaign
29.8.2022
The Springbok captain features in a new advertising campaign promoting a long-term attitude towards cryptocurrency investing in South Africa
How to Use Bitcoin Vouchers to Buy Bitcoin With Cash
27.8.2022
Bitcoin (BTC) vouchers provide one of the most convenient and private ways to buy bitcoin. However, despite the convenience and privacy they offer, bitcoin vouchers are yet to fulfill their full potential to spur global bitcoin adoption.
Read on to learn what bitcoin vouchers are, how you can...
South African Cryptocurrency Ownership Rate at 10% — Report
26.8.2022
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is...
Report: East African Single Currency Unlikely to Be Introduced by 2024
25.8.2022
There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap. Attainment...
Ghana Central Bank Announces Launch of Regulatory Sandbox
24.8.2022
Ghana’s recently launched regulatory and innovation sandbox is the latest proof of the central bank’s commitment to a regulatory environment that promotes “innovation, financial inclusion and financial stability,” a statement released by the Bank of Ghana has said....
Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV's 'Best Metaverse Performance', Crypto Green and Red Regulatory Lights + More News
19.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV's 'Best Metaverse Performance', Crypto Green and...
South Africa's Monetary Authority Greenlights Banks to Serve Crypto Clients
19.8.2022
The central bank warned against the "wholesale" banning of clients over risk after a number of local banks moved to terminate services to crypto exchanges and other intermediaries in previous years
South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
19.8.2022
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service...
Nigeria aims for millions of new eNaira users as it increases features, targets unbanked
18.8.2022
Nigerian Central Bank governor Godwin Emefiele told attendees at the eNaira Hackathon that technical upgrades will add to the attractiveness and accessibility of the CBDC