, Author at African Crypto Currency News

Kenya – From Fiscal Trap to Digital Leap: How Blockchain Could Reinvent Public Finances

Kenya’s fork in the road “Kenya has been running on borrowed time—literally.” Over the last five fiscal years (2020/21-2024/25) roughly one-quarter of all government spending has come from new debt, locking the country in a classic fiscal trap: spending more than it earns while borrowing to plug the gap. The withdrawal of the controversial Finance […]

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Ghana Moves to License Crypto Firms Amid Rising Digital Asset Demand

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The central bank of Ghana is preparing to implement licensing requirements for cryptocurrency platforms by submitting new regulatory proposals to parliament by September 2025, according to a Bloomberg report. Growing Crypto Adoption Ghana’s push for cryptocurrency regulation comes as digital asset usage continues to soar in the country. Currently, approximately 17.3% of Ghanaian adults—over 3

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Africa Crypto June 2025: Key Trends, Legal Shifts, and Global Signals

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Africa Crypto June 2025: Key Trends, Legal Shifts, and Global Signals As of July 1, 2025, Africa Crypto June 2025 highlights a dynamic month for digital assets. Both global institutions and African markets showed strong activity, innovation, and challenges. This overview explores key events and trends—especially in Africa—that shaped the crypto landscape for africancryptocurrencynews.com readers.

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Remittance Fees in Africa: How Crypto Could Slash the Continent’s Costliest Transfers

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Introduction – Why “Remittance Fees in Africa” Matters When migrants search for ways to send money home, three words increasingly dominate the results: Remittance Fees in Africa. They capture a bitter reality—Africans pay the world’s highest transfer costs—and the emerging fix, where blockchain finally promises a cheaper rail. This article unpacks why the phrase Remittance

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A Look Back at May: Crypto Soars on Institutional Interest and Regulatory Wins

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May 2025 proved to be a pivotal month as crypto soars, marked by remarkable price movements and surging investor interest. As the digital asset landscape continues to evolve, several key developments drove the market’s upward momentum throughout the month. Bitcoin’s Ascendancy Bitcoin, the flagship cryptocurrency, experienced a significant rally, nearing the $110,000 mark. This surge

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Crypto vs. Inflation: How African Nations Are Using Bitcoin to Fight Economic Instability

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Across Africa, persistent economic instability and high inflation have prompted citizens and businesses alike to turn toward cryptocurrencies—particularly Bitcoin—as a reliable financial alternative. Countries like Zimbabwe, Nigeria, and Sudan are increasingly leveraging crypto as a tool to hedge against rapid currency devaluation and unpredictable monetary policy shifts. Zimbabwe: Escaping Hyperinflation Zimbabwe is no stranger to

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Crypto Adoption in Kenya – Unlocking a Digital Financial Frontier

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Introduction Kenya has long worn the crown of Africa’s mobile‑money pioneer. Nearly three‑quarters of all handsets in the country are smartphones, and mobile‑money wallets are used by more than 39 million Kenyans—roughly 77 % of the adult population. That digital foundation is now powering a second wave of innovation: cryptocurrency. According to Chainalysis’ 2024 Global Crypto Adoption

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Rising Demand for Cryptocurrency Understanding and Security Among South Africans

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A recent research survey by DoshFX, a centralised South African crypto exchange, reveals a significant demand for improved understanding and enhanced security in the cryptocurrency sector among South Africans. The survey, conducted across various demographics, sheds light on the key barriers and perceptions that influence cryptocurrency adoption in the country. The findings highlight that despite

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Original Article By: https://www.cbn.co.za/industry-news/business-advisory-financial-services/rising-demand-for-cryptocurrency-understanding-and-security-among-south-africans/

Ethiopia’s Birr Falls 30% After Currency Float; Forex Surrender Requirements Scrapped

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Ethiopia’s birr plunged 30% against the dollar after the central bank floated the currency as part of reforms aimed at correcting foreign exchange market distortions. The bank also eliminated foreign exchange surrender requirements and lifted restrictions on certain imports. In return, Ethiopia, which is seeking BRICS membership, is expected to receive a $10.7 billion loan

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Original Article By: https://news.bitcoin.com/ethiopias-birr-falls-30-after-currency-float-forex-surrender-requirements-scrapped/

The African Village Mining Bitcoin

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Bondo is a scattered cluster of villages in a remote region of Malawi near the border with Mozambique. It sits in the foothills of Mount Mulanje, where residents rely on their feet for transport and a few crops to feed their families. Yet unlike in most places in this impoverished country, when night descends they

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Original Article By: https://unherd.com/2024/01/the-african-village-mining-bitcoin/

Cryptocurrency Uptake and Usage in African Countries: A 2024 Overview Introduction

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Cryptocurrencies have quietly but significantly transformed the financial landscape in Sub-Saharan Africa. With a unique blend of necessity, innovation, and resilience, African countries are embracing digital currencies as a means of empowerment, financial inclusion, and wealth preservation. In this article, we delve into the key developments, trends, and events surrounding cryptocurrency adoption across the continent,

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How Licensing Will Change Crypto In South Africa

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South Africa’s Financial Services Conduct Authority (FSCA) has indicated that the first 59 licences are almost ready to be awarded, which would grant these companies the right to operate as crypto assets financial services providers. About 262 applications are in progress. Crypto assets were declared as financial products in terms of the Financial Advisory and

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Original Article By: https://iafrica.com/how-licensing-will-change-crypto-in-sa/

Btrust Builders Launches ‘Build for Africa’ Bitcoin Hackathon Open to Anyone with a Bitcoin Idea

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‘We are not looking for ideas from just developers. We welcome ideas from the entire Bitcoin ecosystem and beyond. If you do not have the ability to build your idea, we will match you with Bitcoin & Lightning developers who can help to bring them to life!’ – BTrust Btrust Builders, the African Bitcoin education

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Central Bank of Nigeria To Clean Up Tier-1 Accounts Not Linked To BVN

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The Central Bank of Nigeria (CBN) plans to remove accounts not linked to the Bank Verification System (BVN) from the financial system. The objective is to clean up the sector and reduce the growing incidence of fraud. Blaise Ijebor, director Risk Management Department and Chief Risk Officer, CBN said this at the Prembly Compliance Breakfast

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Original Article By: https://businessday.ng/news/article/cbn-to-clean-up-tier-1-accounts-not-linked-to-bvn/

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Blockchain To Rebuild African Financial System And Tell New Story

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Blockchain Research Institute Africa Making Strides in Levelling Financial Playing field Africa has an enormous cash and informal trade economy, however, at the root of many challenges that Africa currently faces is financial exclusion. An alarming 900 million are unbanked in Africa due to numerous challenges, including accessibility to banks, occupation barriers, financial limitations, gender

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XRP Healthcare Enters Africa to Revolutionize The Multi-Billion-Dollar Healthcare Industry

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XRP Healthcare has announced its entry into the African Healthcare sector to acquire and merge privately owned healthcare establishments via its subsidiary XRP Healthcare Africa, creating a sustainable premier healthcare network. In a move that will provide easier access to healthcare services and medication, the company is entering emerging countries to help revolutionize the healthcare

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Original Article By: https://www.prnewswire.co.uk/news-releases/xrp-healthcare-enters-africa-to-revolutionize-the-multi-billion-dollar-healthcare-industry-301786261.html

South Africa Is Ranked Among The Top Crypto Countries Worldwide – Here’s How We Compare

Country News, South Africa / Leave a Comment

CoinJournal conducted a global study intending to highlight the world’s most successful crypto countries, ranking South Africa 10th overall. The study ranked the countries based on their number of crypto startups, investment companies involved in crypto, estimated realised gains, and the number of crypto owners from the latest data available as of November 2022. Cryptocurrency

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Original Article By: https://businesstech.co.za/news/finance/660751/south-africa-is-ranked-among-the-top-crypto-countries-worldwide-heres-how-we-compare/

Unlocking the Potential of Cryptocurrencies: A Catalyst for Economic Growth and Financial Inclusion in Africa

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As cryptocurrencies continue to gain traction worldwide, the African continent emerges as a fertile ground for the adoption of digital currencies and blockchain technology. With a predominantly young, tech-savvy population and an expanding mobile penetration rate, Africa is uniquely positioned to leverage cryptocurrencies as a catalyst for economic growth, financial inclusion, and social development. The

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Original Article By: https://africancryptocurrency.news/

African Developer Creates New Software So Africans Can Use Bitcoin Without Internet Access

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Citizens in Africa are using new and exciting ways to get paid without having internet access. Thanks to South African software developer Kgothatso Ngako, Forbes reported, the people of Africa can make bitcoin peer-to-peer transactions with Machankura, the new solution that makes Bitcoin access easy even if they’re not online. In tech terms, it provides access to the Lightning Network through an

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Original Article By: https://www.blackenterprise.com/african-developer-creates-software-for-africans-to-use-bitcoin-without-internet-access/

Binance Takes Blockchain Awareness To Popular Nigerian Markets, In Collaboration With ScholarX

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Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider has collaborated with ScholarX (LearnAM), a social impact startup that helps young Africans access quality skills training, to drive blockchain adoption across rural markets in Nigeria with the use of localized languages namely Yoruba, Igbo, Hause, and Pidgin English. With an aim to increase crypto

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Original Article By: https://guardian.ng/slide/binance-takes-blockchain-awareness-to-popular-nigerian-markets-in-collaboration-with-scholarx/

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