ACCN Editor

South Africa’s Crypto Boom: FSCA Issues New Licenses Amid Growing Adoption

    South Africa is making headlines in the cryptocurrency world this week as the Financial Sector Conduct Authority (FSCA) has issued a new batch of licenses to Crypto Asset Service Providers (CASPs), bringing the total number of licensed CASPs in the country to 248. South Africa is experiencing a significant surge in cryptocurrency adoption, […]

South Africa’s Crypto Boom: FSCA Issues New Licenses Amid Growing Adoption Read More »

Photo Credit: Adobe Stock

Ghana Embraces Blockchain Technology with New National Digital Currency Initiative

  In a groundbreaking move, Ghana has announced the launch of its national digital currency, the e-Cedi, marking a significant step forward in the country’s financial technology landscape.   The e-Cedi: A New Era for Ghanaian Finance The Bank of Ghana unveiled their new initiative earlier this week, which positions Ghana as a leader in

Ghana Embraces Blockchain Technology with New National Digital Currency Initiative Read More »

Photo Credit: Adobe Stock

Donald Trump Election Victory: Impact on African Cryptocurrency Markets

    The recent US elections have sent shock-waves through the global cryptocurrency markets, and Africa is no exception.  With the election of Donald Trump as President, the crypto market has experienced a significant surge, bringing with it excitement and anticipation across the continent. Cryptocurrency markets across the globe have experienced significant movements following Donald

Donald Trump Election Victory: Impact on African Cryptocurrency Markets Read More »

Photo Credit: Adobe Stock

South Africa’s Real Estate Market Enters the Crypto Era

    Digital currencies are redefining financial transactions, as South Africa leaps into the future by allowing property purchases with cryptocurrencies like Bitcoin.  This innovative approach not only bridges the gap between traditional real estate and modern FinTech, but also showcases South Africa’s progressive stance on digital finance.   A New Chapter in Property Investment

South Africa’s Real Estate Market Enters the Crypto Era Read More »

Photo Credit: Adobe Stock

Challenges to Stablecoin Adoption in African Economies

As stablecoins gain traction across the globe, their potential to transform financial systems in African countries is becoming increasingly evident. Stablecoins have gained significant traction in Africa, as they offer solutions to some of the continent’s most pressing economic challenges, such as currency volatility, inflation and limited access to traditional banking services.  The path to

Challenges to Stablecoin Adoption in African Economies Read More »

Photo Credit: Adobe Stock

The Rise of Cryptocurrency in Ivory Coast: An Emerging Landscape

  Cryptocurrency is gradually making its mark on Ivory Coast, and the West African nation is increasingly catching the attention of investors and entrepreneurs.  We take a look at the history of crypto in Ivory Coast, some recent developments and the regulatory environment surrounding cryptocurrencies in the country.   Historical Context: The Rise of Crypto

The Rise of Cryptocurrency in Ivory Coast: An Emerging Landscape Read More »

Photo Credit: Adobe Stock

Sub-Saharan Crypto Adoption 2023-2024: At A Glance

  Sub-Saharan Africa is rapidly becoming a hotspot for cryptocurrency adoption, with countries like Nigeria, Ethiopia, Kenya, and South Africa leading the charge. According to the latest reports from Chainalysis, the region saw an estimated $125 billion in on-chain value between July 2023 and June 2024, marking a $7.5 billion increase compared to the previous

Sub-Saharan Crypto Adoption 2023-2024: At A Glance Read More »

Photo Credit: Adobe Stock

Kenyan Revenue Authority Announces Real-Time Tax System For Crypto

Bold move as Kenya Revenue Authority (KRA) announces real-time tax system for cryptocurrency transactions. This system aims to monitor and record transaction details such as the date, time, type and value of each transaction. The goal is to improve tax collection efficiency and address revenue losses due to the lack of a robust system for

Kenyan Revenue Authority Announces Real-Time Tax System For Crypto Read More »

Photo Credit: Adobe Stock

Banking on the Future: Africa’s Robust Financial Sectors and What It Means for Cryptocurrency

  A recent report from African Business, which provides a comprehensive analysis of the top banks across the continent, has highlighted the strong financial sectors in East, West, Central and Southern Africa. With Nigeria notably leading in West and Central Africa, it sets the stage for significant advancements in the cryptocurrency space.  In this article,

Banking on the Future: Africa’s Robust Financial Sectors and What It Means for Cryptocurrency Read More »

Photo Credit: Adobe Stock

National Currency Devaluation Drives Stablecoin Adoption Across Africa

  Recent reports from leading crypto analytics firms and insights from social media platform X highlight a significant shift towards Stablecoins across Africa. This core of this trend is driven by the need for financial stability in regions where local currencies often fluctuate wildly, affecting day-to-day transactions and savings.  Recent reports from leading crypto analytics

National Currency Devaluation Drives Stablecoin Adoption Across Africa Read More »

Photo Credit: Adobe Stock

Countdown to the US Elections: What Could It Mean for Crypto in Africa?

  As the United States gears up for its presidential election in three weeks, the world watches closely. Could the outcome of this election have significant implications for the cryptocurrency landscape across the African continent?  In this article, we take a look at the stances each leading candidate has taken to crypto and potential impacts

Countdown to the US Elections: What Could It Mean for Crypto in Africa? Read More »

Photo Credit: Adobe Stock

World Bank Calls for Increased Education Spending in Africa, Support Digital Technologies

  The World Bank has emphasized the urgent need for African nations to boost spending on quality education. This call to action is aimed at leveraging mega-trends such as demographic transitions, advances in digital technologies, and the shift to green economies.  The World Bank’s latest regional economic update, Africa’s Pulse, highlights the importance of stabilizing

World Bank Calls for Increased Education Spending in Africa, Support Digital Technologies Read More »

Photo Credit: Adobe Stock

Bitcoin: Holding Strong Going Into Q4

  October 14, 2024 – Despite ongoing global economic uncertainty, Bitcoin continues to demonstrate its resilience as a top-performing asset. According to the New York Digital Investment Group (NYDIG), Bitcoin has maintained its position as the best-performing asset in terms of returns, despite its well-known volatility.  Analysts remain bullish on Bitcoin’s prospects for the fourth

Bitcoin: Holding Strong Going Into Q4 Read More »

Photo Credit: Adobe Stock

Eswatini’s Bold Move Towards a Central Bank Digital Currency (CBDC)

  The Kingdom of Eswatini, formerly known as Swaziland, has recently announced its intention to explore the introduction of a Central Bank Digital Currency (CBDC). This move is part of a broader strategy to enhance domestic accessibility and cross-border trade, leveraging the benefits of digital currencies. Benefits and Opportunities The introduction of a CBDC in

Eswatini’s Bold Move Towards a Central Bank Digital Currency (CBDC) Read More »

Photo Credit: Adobe Stock

Understanding Litecoin: Popularity & Usage Across African Nations

  What is Litecoin? Litecoin (LTC), often referred to as “the silver to Bitcoin’s gold,” is a peer-to-peer cryptocurrency that was created in 2011 by former Google engineer Charlie Lee.  It operates on an open-source blockchain technology, similar to Bitcoin, but with several key differences that make it unique and appealing to many users. Litecoin

Understanding Litecoin: Popularity & Usage Across African Nations Read More »

Photo Credit: Adobe Stock

Johannesburg Investment Advisers Barred for 30 Years: Implications for South Africa and Beyond

  The recent decision by the South African High Court to bar Johannesburg-based investment advisers from practicing for 30 years has sent shockwaves through the financial community. The case has significant implications for investors and financial markets, not only in South Africa but across the African continent. The Legal Case The High Court found the

Johannesburg Investment Advisers Barred for 30 Years: Implications for South Africa and Beyond Read More »

Photo Credit: Adobe Stock

Staying Secure in the Crypto Space: Defending Against Crypto Scams

  As Africa’s digital landscape continues to flourish, so do the scammers who prey on unsuspecting victims. Crypto scams have become a growing concern, targeting individuals with promises of easy wealth and financial freedom.  But beware, my friends, for these scams are as sly as a snake in the grass.  In this article, we’ll delve

Staying Secure in the Crypto Space: Defending Against Crypto Scams Read More »

Photo Credit: Adobe Stock

Understanding the Unique Dynamics of the African Cryptocurrency Market

  The cryptocurrency market in Africa is rapidly evolving, presenting unique characteristics that distinguish it from more established markets like those in North America, Europe and Asia.   Adoption Driven by Necessity In many African countries, cryptocurrency adoption is driven by necessity rather than speculation.  High inflation rates, unstable local currencies and limited access to

Understanding the Unique Dynamics of the African Cryptocurrency Market Read More »

Photo Credit: Adobe Stock

South Africa’s Upcoming Crypto Extravaganza – Crypto Fest 2024

  A Convergence of Innovation and Culture in Cape Town South Africa is poised to host it’s latest edition of Crypto Fest, which aims to showcase the continent’s dynamic and rapidly growing crypto ecosystem, and provide a networking opportunity for people in the crypto space.  Taking place from 10th-12th October 2024 in Cape Town this

South Africa’s Upcoming Crypto Extravaganza – Crypto Fest 2024 Read More »

Photo Credit: Adobe Stock

How Africa Fuelled 1,614% User Growth: Bitget’s Meteoric Rise

    Africa is buzzing with a cryptocurrency revolution!  Imagine a continent where economic ups and downs, limited banking access and a young, tech-savvy crowd are all fuelling a digital gold rush. Why the hype? Cryptocurrencies are breaking down financial barriers, offering a more inclusive and accessible way for Africans to manage their money.  Bitcoin

How Africa Fuelled 1,614% User Growth: Bitget’s Meteoric Rise Read More »

Photo Credit: Adobe Stock