The East African Community (EAC) and the Intergovernmental Authority on Development (IGAD) have announced a ground-breaking digital integration project aimed at enhancing connectivity, access, and economic growth across Eastern Africa. In a press release published on their official website last week [11th September 2024], the EAC announced they are set to begin their […]
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Get ready to dive into the future of digital innovation at the Blockchain Africa Conference 2024! Celebrating a decade of ground-breaking advancements, this year’s edition is set to make waves as it marks its 10th anniversary on November 20, 2024, at the CSIR International Convention Centre in Pretoria (Tshwane), South Africa. This milestone event
Blockchain Africa Conference 2024: Celebrating a Decade of Innovation Read More »
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As the world’s attention shifts to decentralized finance (DeFi) and non-fungible tokens (NFTs), Africa remains a crucial frontier for Ethereum adoption. Africa, with its vast and growing population, presents a significant opportunity for Ethereum adoption. Despite regulatory hurdles and infrastructure challenges, the continent’s entrepreneurs, governments, and enthusiasts are harnessing Ethereum’s power to drive innovation and
Ethereum Adoption in Africa: Challenges & Opportunities Read More »
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The South African Revenue Service (SARS) has significantly ramped up its efforts to ensure tax compliance within the burgeoning cryptocurrency sector. Leveraging advanced Artificial Intelligence (AI) technologies, SARS aims to identify and penalize non-compliant crypto traders, marking a pivotal shift in the nation’s approach to digital asset regulation. The Rise of AI in Tax Enforcement
South African SARS AI Crypto Tax Crackdown: A New Era of Compliance Read More »
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The African Digital Summit (ADS) is set to return for its 6th edition on October 8 and 9, 2024. Get ready for one of the most anticipated event in Africa’s digital calendar! Scheduled this year for October 8-9, 2024 in Casablanca (Morocco), the African Digital Summit is set to return for its 6th edition, promising
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In a significant turn of events, Nigeria has made headlines in 2024 with its newly progressive stance on cryptocurrency regulation. As one of Africa’s largest economies and a key player in the continent’s digital revolution, Nigeria’s regulatory shifts are poised to influence the broader African crypto market. The Lifting of the Ban In a
An Eye on Regulation: Nigeria’s Crypto Landscape in 2024 Read More »
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The Bank of Ghana has just dropped a game-changer in the world of cryptocurrency! With its newly proposed regulations, Ghana is positioning itself to become a trailblazer in the African crypto landscape. These forward-thinking rules aim to create a secure and innovative environment for digital currency enthusiasts and investors alike. Key Highlights of
Bank of Ghana Unveils New Proposed Crypto Regulations Read More »
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The African continent is witnessing a surge in digital payments, driven by innovations in fintech and the proliferation of mobile devices. Amidst this growth, Ethereum-based solutions are gaining traction, offering opportunities for interoperability and scalability. Integrating these solutions with existing payment systems and infrastructure poses significant challenges, in this article we explore the
Ethereum Meets African Payments Read More »
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Kenyan start-up, Kwara, is set to scale even further after reportedly securing an additional $3 million in funding and signing exclusive distribution deal. The company, which has doubled its number of clients in the past year, has now raised a total of $7 million with this latest round of funding. Kwara has also signed
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The Central African Republic (CAR) has taken a major step forward in its efforts to facilitate economic recovery and prosperity by establishing a committee of 15 experts to design a ‘more comprehensive’ cryptocurrency regulatory framework. This comes following a high court ruling last year that aspects of the plans announced last year were ‘unconstitutional’.
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Airtel Africa has revealed that it acquired fourth-generation (4G) and fifth-generation (5G) spectrums from the Nigerian Communications Commission (NCC) at a cost of US$316.7 million as part of its strategic mission to bolster connectivity in Nigeria. The telecom giant was the sole bidder in the auction that saw them acquire 100MHz in the 3,500MHz band and
Airtel Africa: Driving Change with 4G & 5G Investment in Nigeria Read More »
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FAIS Ombud Announces Commitment to Resolve Complaints in a “Procedurally Fair, Informal, Economical and Expeditious Manner” The South African Office of the Ombud of Financial Services Providers (FAIS) has announced that it can now investigate complaints against providers of crypto assets, as well as existing registered Financial Service Providers who offer advice on Cryptocurrency. There
South African Ombud to Investigate Crypto Complaints Read More »
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On Monday, 25 October 2021, Nigeria launched Africa’s first central bank digital currency (CBDC) eNaira, with the theme “Same Naira, More Possibilities”. The eNaira, which was activated the same day by President Muhammad Buhari, promises to increase remittances, foster cross-border trade, improve financial inclusion and enable the government to make welfare payments more easily,
One Year After “eNaira” Was Launched, Nigerians Still Struggle With The Digital Currency Read More »
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Original Article By: https://www.withinnigeria.com/2023/01/16/one-year-after-enaira-was-launched-nigerians-still-struggle-with-the-digital-currency/
The Blockchain Association of Uganda has distanced itself from an upcoming blockchain conference in Kampala, saying they are not sure about the authenticity of the organiser, Streakk. The Kampala Blockchain Summit is scheduled for Tuesday January 17, at the Sheraton Hotel under the theme ‘Unlocking the potential of your crypto’. But according to the
Blockchain Association Disowns Upcoming Kampala Summit Read More »
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Original Article By: https://www.monitor.co.ug/uganda/business/finance/blockchain-association-disowns-upcoming-kampala-summit-4087622
The central bank of Nigeria has released a report to examine the development of a regulatory framework for the potential use of stablecoins. The report also focuses on the national CBDC, eNaira, and Initial Coin Offerings (ICOs). The Central Bank of Nigeria (CBN) has released the “Nigeria Payments System Vision 2025” report, which examined
Nigeria Latest Country to Create Regulatory Framework for Stablecoins Read More »
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Original Article By: https://ambcrypto.com/nigeria-latest-country-to-create-regulatory-framework-for-stablecoins-details-inside/
As crypto adoption continues to soar worldwide, Morocco is set to become one of the nations with a bill regulating cryptocurrency use. Morocco’s central bank, Bank Al-Maghrib (BAM), was reported in March 2022 to be in a serious dialogue with the International Monetary Fund (IMF) and the World Bank (WB) alongside other European central
How Morocco’s Protective Crypto Bill Can Influence Other North-African Nations Read More »
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Original Article By: https://technext.ng/2023/01/04/morocco-central-bank-governor-announces/
The African fintech ecosystem continues to expand, despite global economic challenges. As an investment segment, the fintech industry made up more than 25% of all venture capital rounds in the last few years, with South Africa joining other regional leaders, such as Egypt, Nigeria and Kenya. Out of the nine notable tech unicorns in
African Fintech Is Trending Read More »
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Original Article By: https://www.bizcommunity.com/Article/196/727/234740.html
Gridless is a company involved in rural electrification and community projects in Kenya and has acquired $2m to expand into other East African markets. Jack Dorsey’s Block Inc is part of the companies that have contributed to the funding round for the bitcoin miner. Gridless, an environmentally minded bitcoin mining company in rural Kenya, has
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Original Article By: https://thisisafrica.me/politics-and-society/bitcoin-gridless-acquires-2m-for-east-african-expansion/
Strike has partnered with Bitnob to facilitate cross-border payments into Africa. The service will be available to users in Ghana, Nigeria, and Kenya, but Strike will expand to other African countries soon. The feature does not require people to use Bitcoin themselves. Strike’s Send Globally service is now in Africa Bitcoin company Strike announced
Strike Partners with Bitnob to Improve Remittance Payments into Africa Read More »
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Original Article By: https://coinjournal.net/news/strike-partners-with-bitnob-to-improve-remittance-payments-into-africa/
Nigeria seeks to advance digital asset trading in the country, but like some countries in Asia, it is drawing a distinction between digital assets — which can be broadly defined and may include central bank digital currencies (CBDCs), non-fungible tokens (NFTs) and privately issued stablecoins — and cryptocurrencies, according to a Bloomberg report. Lamido Yuguda, Director-General
Nigeria Seeks Distinction Between Digital Assets and Crypto Read More »
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Original Article By: https://forkast.news/headlines/nigerian-sec-digital-assets-crypto/
