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Central African Republic (CAR): Fifteen Experts Join Forces with President Touadéra to Design New Cryptocurrency Regulations

Central African Republic (CAR) / Leave a Comment

  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: Driving Change with 4G & 5G Investment in Nigeria

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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

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South African Ombud to Investigate Crypto Complaints

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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

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One Year After “eNaira” Was Launched, Nigerians Still Struggle With The Digital Currency

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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/

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Blockchain Association Disowns Upcoming Kampala Summit

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  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

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Original Article By: https://www.monitor.co.ug/uganda/business/finance/blockchain-association-disowns-upcoming-kampala-summit-4087622

Nigeria Latest Country to Create Regulatory Framework for Stablecoins

Nigeria / Leave a Comment

  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

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Original Article By: https://ambcrypto.com/nigeria-latest-country-to-create-regulatory-framework-for-stablecoins-details-inside/

How Morocco’s Protective Crypto Bill Can Influence Other North-African Nations

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  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

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Original Article By: https://technext.ng/2023/01/04/morocco-central-bank-governor-announces/

Nigeria Seeks Distinction Between Digital Assets and Crypto

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  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

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Original Article By: https://forkast.news/headlines/nigerian-sec-digital-assets-crypto/

Zimbabwean Central Bank Launches CBDC Consumer Survey

Country News, Zimbabwe / Leave a Comment

  The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit opinions on the design and nature of the CBDC and its overall acceptance by the public.” The bank said the information obtained via this process will be “treated with the utmost confidentiality and the results

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Original Article By: https://news.bitcoin.com/zimbabwean-central-bank-launches-cbdc-consumer-survey/

South African Solar Power Company Pays Investors in Crypto

Country News, South Africa / Leave a Comment

  Sun Exchange crowdfunds the installation of panels on schools and farms. When Abraham Cambridge flew to South Africa in 2014, he was struck by how few solar panels he saw in a sunny country with unreliable electricity. Soon after, he started the Sun Exchange Inc., a company that crowdfunds the installation of panels, eliminating the need for customers

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Original Article By: https://www.bloomberg.com/news/features/2022-11-05/south-african-solar-power-company-pays-investors-in-crypto/

South African Supermarket Chain Pick n Pay Now Accepts Bitcoin Payments: Report

Country News, South Africa / Leave a Comment

  The retailer is taking payments from any Lightning Network-enabled wallet. Pick n Pay, which is one of South Africa’s largest supermarket chains, is now allowing customers to pay with bitcoin (BTC) using any Lightning Network-enabled app, according to South Africa’s The Times. The payment method was tested in 10 stores over the past five months

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Original Article By: https://www.coindesk.com/business/2022/11/01/south-african-supermarket-giant-pick-n-pay-now-accepts-bitcoin-payments-report/

Dollar scarcity: Manufacturer’s panic buying creates illusion of economic growth

Country News, Nigeria / Leave a Comment

  Fear of a dollar shortage has driven manufacturers to front-load their inventory requirements, creating the illusion of economic growth in Nigeria. This was disclosed in the Financial Derivatives recently released Economics Bulletin for Q2 2022. The Nigerian economy has been expanding for seven straight quarters since the third quarter of 2022, when the covid-19-induced

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Original Article By: https://nairametrics.com/2022/08/29/dollar-scarcity-manufacturers-panic-buying-creates-illusion-of-economic-growth/

10% of SA Adults Own Cryptocurrency – But Who Owns More, Men or Women?

Country News, South Africa / Leave a Comment

  Cryptocurrency adoption in South Africa has held steady over the past several months, according to the latest data from Finder.com.   Ten percent of South African internet users aged 18+ currently own cryptocurrency. It should be noted that this figure or percentage is down from 11% late last year. Men are much more likely

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Big Changes Coming For How Cryptocurrencies Are Regulated In South Africa

Country News, South Africa / Leave a Comment

    The Financial Sector Conduct Authority (FSCA), which works in collaboration with the South African Reserve Bank (SARB), recently announced that it is establishing a new regulatory framework for cryptocurrencies in South Africa. Both the FSCA and the SARB have been vocal about declaring cryptocurrencies as financial products, and the Prudential Authority division at

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Original Article By: https://businesstech.co.za/news/finance/619791/big-changes-coming-for-how-cryptocurrencies-are-regulated-in-south-africa/

World’s Largest Crypto Exchange, Binance, Hires Finance Executive To Lead Operations In South Africa.

Exchange, South Africa / Leave a Comment

    Binance, the world’s leading crypto and blockchain infrastructure provider, has announced the appointment of Hannes Wessels as the Country Head of South Africa to drive its business operations in the region. Hannes brings with him over 10 years of experience in the finance sector and is the previous Head of Global Banking for South

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Original Article By: https://techfinancials.co.za/2022/08/15/worlds-largest-crypto-exchange-binance-hires-finance-executive-to-lead-operations-in-south-africa/

Nigeria’s Inflation Rate Surges to a 17-Year High of 19.64% in July 2022

Country News, Nigeria / Leave a Comment

    Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest inflation data is according to the recently released Consumer Price Index (CPI) report for the month of July 2022, by the National Bureau

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Original Article By: https://nairametrics.com/2022/08/15/breaking-nigerias-inflation-rate-surges-to-a-17-year-high-of-19-64-in-july-2022/

Researchers Label Nigeria As The World’s Most ‘Crypto Obsessed’ Nation.

Country News, Nigeria / Leave a Comment

Nigeria is, according to a new research study, head-and-shoulders the most cryptocurrency curious country in the world.   The West African state is even out-shadowing current crypto hotspot United Arab Emirates as the place where its population is the most hungry for information about digital assets. The research, carried out by crypto price tracker CoinGecko, examined

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Original Article By: https://www.cityam.com/researchers-label-nigeria-as-the-worlds-most-crypto-obsessed-nation/

Imminent Crypto Regulation in South Africa – Are You Ready?

South Africa / Leave a Comment

  A long period of silence on cryptocurrency regulation in South Africa has finally been broken. South African Reserve Bank (“SARB”) deputy governor, Kuben Naidoo, has now confirmed that new regulations are set to be implemented within the next 12 – 18 months. This development will see South Africa following suit with other countries, such

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Original Article By: https://www.msn.com/en-za/news/other/imminent-crypto-regulation-in-south-africa-are-you-ready/ar-AAZD1WZ

New Crypto Hub for Central African Republic; Here’s what’s next.

Central African Republic (CAR), Country News / Leave a Comment

    The Central African Republic (CAR) has launched the Sango crypto-hub initiative. It is funded by the government to promote the expansion of the regional market for digital assets. The Sango initiative has been introduced following CAR’s acceptance of Bitcoin as legal tender in April. The project aims to attract businesses, international crypto-talent, and enthusiasts, in addition

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Original Article By: https://ambcrypto.com/new-crypto-hub-for-central-african-republic-heres-whats-next

Morocco To Bring Cryptocurrency Regulation Soon

Country News, Morocco / Leave a Comment

  Morocco will soon join the list of countries that have introduced a regulatory system to manage the cryptocurrency being circulated in the country. The Central Bank of Morocco, Bank Al-Maghrib (BAM) is working on the design of the crypto regulation bill with consultation from a global financial institution.   What’s the Need for a

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Original Article By: https://insidebitcoins.com/news/morocco-to-bring-cryptocurrency-regulation-soon

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