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South Africa’s Real Estate Market Enters the Crypto Era

South Africa / Leave a Comment

    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 […]

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The Rise of Cryptocurrency in Ivory Coast: An Emerging Landscape

Ivory Coast / Leave a Comment

  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

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Kenyan Revenue Authority Announces Real-Time Tax System For Crypto

Kenya / Leave a Comment

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

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

Country News, Eswatini / Leave a Comment

  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

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Blockchain Africa Conference 2024: Celebrating a Decade of Innovation

Blockchain, South Africa / Leave a Comment

  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

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South African SARS AI Crypto Tax Crackdown: A New Era of Compliance

Regulation, South Africa / Leave a Comment

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

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The Pulse of Progress: 6th Edition of African Digital Summit 2024 Unlocking Innovation, Collaboration, and Growth

Events, Morocco / Leave a Comment

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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An Eye on Regulation: Nigeria’s Crypto Landscape in 2024

Nigeria, Regulation / Leave a Comment

  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

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Bank of Ghana Unveils New Proposed Crypto Regulations

Ghana, Regulation / Leave a Comment

    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

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Rising Demand for Cryptocurrency Understanding and Security Among South Africans

Country News, South Africa / Leave a Comment

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

Country News, Ethiopia / Leave a Comment

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/

How Licensing Will Change Crypto In South Africa

Country News, South Africa / Leave a Comment

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/

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

Country News, Nigeria / Leave a Comment

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/

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/

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

Country News, Nigeria / Leave a Comment

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/

Bitcoin’s Role in The Financial System of Cameroon

Cameroon, Country News / Leave a Comment

Bitcoin has become a popular method of payment and exchange in Cameroon, with its growing acceptance by retailers, businesses, and individuals. Its use has been growing rapidly since 2019, with more than half a million people now using the currency. quantum-ai.io is one of the best platforms for gaining information. The emergence of Bitcoin as

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Original Article By: https://www.gudstory.com/bitcoins-role-in-the-financial-system-of-cameroon/

Bitcoin Use Is Growing In South Africa

Country News, South Africa / Leave a Comment

Over the last few years, cryptocurrency usage has skyrocketed in South Africa, with reports suggesting that around four million South Africans own digital currencies. These reports state that Bitcoin is the most popular cryptocurrency in the country, which isn’t surprising: Bitcoin is the most popular virtual currency globally, with over 190 million users. Other examples

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Original Article By: https://www.2oceansvibe.com/2023/02/20/bitcoin-use-is-growing-in-south-africa/

Kwara, Kenyan Fintech Providing Digital Banking Solutions to the Unbanked, Secures $3m Funding and Distribution Deal

Kenya, Startups / Leave a Comment

  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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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

Nigeria / Leave a Comment

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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