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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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South African Ombud to Investigate Crypto Complaints

South Africa / Leave a Comment

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

Nigeria / Leave a Comment

  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,

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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/

African man pointing at a monitor that is displaying the word blockchain

Blockchain Association Disowns Upcoming Kampala Summit

Uganda / Leave a Comment

  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

Morocco / Leave a Comment

  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

Nigeria / Leave a Comment

  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/

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