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UN drugs and crime wing advises Kenya to use blockchain against corruption
3.11.2020
Blockchain can reportedly return billions of dollars back to Kenya’s budget
Kenya's central bank exploring CBDCs due to 'mushrooming' of private cryptos
26.10.2020
The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
Kenya’s golf stablecoin highlights need for Africa-wide regulations
29.9.2020
A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan 'entrepreneurs network’ has started testing under the local regulatory sandbox
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
10.9.2020
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent...
Small value crypto transfers in Africa have increased by 55%
10.9.2020
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year
Ukraine, Russia, South Africa, Nigeria Among Top Countries by Cryptocurrency Adoption
9.9.2020
Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the U.S. are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis. Countries With Highest Crypto Adoption Chainalysis’...
Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa
31.8.2020
Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent to buy and sell digital assets. Investors in the new round include Polychain, venture capital firm...
P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets
25.8.2020
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a payment option on its peer-to-peer platform....
New Kenyan Digital Tax to Affect Crypto Platforms
8.8.2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track...
India Leads P2P Volume Records Among Emerging Markets
22.7.2020
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020
Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion
14.7.2020
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between...
Akon’s DLT Startup to Set up a Blockchain Hub in Kenya in Q4 2020
6.7.2020
A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities
Africa Is Experiencing a Crypto Renaissance
24.5.2020
Crypto use and adoption is beginning to see significant growth across Africa
South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption
22.5.2020
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African...
Crypto Is the Revolution Leading Developing Countries to Financial Inclusion
19.5.2020
World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters
Binance Users Can Now Buy Crypto Using Debit Cards in 5 New Fiat Currencies
10.4.2020
Binance is extending Visa support for crypto purchases using the Colombian peso, South Korean won, Kenyan shilling, Kazakhstani tenge and Peruvian neuvo sol
Future of Currency in W. Africa: CFA Franc Collapse and Eco Inadequacy
13.3.2020
Digital currency implementation will reduce obstacles for driving economic development in Africa
Diving Into Three of Africa’s Emerging Fintech Economies
5.3.2020
Financial innovation continues to drive African economics: What technological and economic potentials are hidden on that continent?
Kenya Finds a New Way to Use Blockchain, Launches 'Local Currencies'
27.11.2019
Blockchain-backed “local currencies” have been introduced to some of Kenya’s poor communities as a solution to the lack of hard cash. And, who knows, this may be an incentive for these people to eventually adopt real cryptocurrencies, such as Bitcoin (BTC).
Reuters has reported on this interesting...