Search
Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally
4.8.2022
A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested...
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
3.8.2022
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading...
Report: The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations
31.7.2022
A new report has claimed the Central African Republic, which became the first country in Africa to make bitcoin legal tender, recently requested the regional central bank’s assistance in developing a cryptocurrency regulatory framework. The report also said the CAR had expressed...
Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say
30.7.2022
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into...
Central African Republic Token Sale off to Slow Start — $1.26 Million Raised in Under 5 Days
30.7.2022
The Central African Republic’s token sale appeared to have gotten to a slow start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25. The country has claimed its decision to adopt bitcoin has won praise from “other...
Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on the Brink
29.7.2022
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to introduce a common digital currency. At the same time, the regional bank warned that...
Sango – The First Digital Monetary System Built on Bitcoin
28.7.2022
PRESS RELEASE. Sango, the Central African Republic’s crypto-initiative, has set off a wave of excitement in the crypto space, fuelling curiosity and anticipation. Supported by a comprehensive Legal Framework, Sango will enable the creation of both the digital and physical infrastructure that would...
Report: Terror Groups Using South African Financial System to Move Funds
28.7.2022
Sympathizers of the terror group, the Islamic State (IS) are allegedly using South Africa’s financial system to channel funds to the group’s affiliates and networks in Africa. The United States government has so far sanctioned four South Africa-based individuals it accused...
Head of African Regional Central Bank Calls for Creation of Digital Currency
25.7.2022
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union (CAMU). Ndoba reportedly wants the BCAS...
Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty
24.7.2022
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the...
Board urges Bank of Central African States to introduce common digital currency: Report
22.7.2022
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April
Bank of Central African States Urged to Introduce Common Digital Currency: Report
22.7.2022
The Bank of Central African States has been urged to introduce a digital currency to modernize payment structures
Register Here for a Weekly Update on African News
21.7.2022
The African continent may not be the biggest crypto/blockchain market yet but the growing adoption of the technology illustrates that this will likely be a key market in the future. For instance, instead of being seen or used as a tool for speculative trading, crypto is proving to be a more...
South African Court Releases Former Monero Developer Riccardo Spagni From Custody
18.7.2022
A South African regional court recently ruled to release former Monero lead maintainer, Riccardo Spagni, from custody. The ruling came just a few days after his arrest by local law enforcement agents, a report has said. Prior to his release, Spagni aka Fluffypony told the court he had returned...
The Central African Republic Says Sale of 210 Million Sango Crypto Tokens to Commence in Late July
17.7.2022
The sale of the Central African Republic (CAR)’s 210,000,000 Sango coins is set to begin on July 25 and participating investors will have to buy tokens worth at least $500. In return for buying and locking in the Sango coins, investors will gain citizenship and a piece of real estate...
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan
17.7.2022
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services....
South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset
15.7.2022
The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a cryptocurrency regulatory framework in place by the end...
South African exchanges welcome the new 'crypto is financial asset' ruling
14.7.2022
Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets
Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030
14.7.2022
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies...
South African Central Bank Reverses Course on Crypto Regulation
13.7.2022
South African Reserve Bank (SARB) Deputy Governor Kuben Naidoo has said "our view has changed" from five or six years ago when there was "no intent on regulating this from a currency point of view" to regarding crypto "as a financial asset that we hope to regulate."