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Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex
12.4.2022
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s...
Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets
11.4.2022
Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. Interoperability of CBDCs Just under...
Here’s what’s happening in Web3 across Africa
10.4.2022
Leading blockchain protocols and other actors jockey for position in the race to build and mold Africa’s emerging Web3 economy
Cardano/IOHK Plans to Launch the Ethiopia Student Blockchain Project in ‘Next Two Months’
8.4.2022
A project the team behind Cardano (ADA) to equip students in Ethiopia with digital identities and credentials is moving forward, with a planned launch of the first phase set to happen “in the next two months.”
John O'Connor, Director of African Operation at Cardano development firm Input Output...
RegTech Africa Conference to Drive Growth and Shape the Digital Economy
8.4.2022
Inaugural Advisory Council to promote innovation, diversity, and growth across the Continent LAGOS, NIGERIA, The maiden edition of the annual Regtech Africa Conference has been slated to hold on Wednesday 25th of May, 2022. The RegTech Africa Conference is the premier gathering of regulators...
South Africa finishes technical PoC for wholesale CBDC settlement system
8.4.2022
The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs
Report: Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions
7.4.2022
The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions. According to one of the affected institutions, the central bank is using a certain “advanced...
Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%
2.4.2022
A study undertaken by two assistant professors at American University in Cairo (AUC) has suggested that an increase of 10% in the crypto market cap causes the market value of “African micro-entities” to drop by 0.76%. Crypto Market Growth Hurts Less Competitive Sectors According...
With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto
29.3.2022
Sudanese financial regulator considers cryptocurrencies to be the source of “high risks" as the demand grows
Quidax Unveils One of Africa’s Biggest Music Producers as Its Brand Ambassador and Announces the Launch of Its Crypto Academy
28.3.2022
PRESS RELEASE. At a press conference last week, African founded cryptocurrency exchange, Quidax announced that it will be collaborating with popular record producer, Micheal Collins popularly known as Don Jazzy. The crypto start-up had launched an online campaign with #TheQuidaxCall. The campaign...
Nexo and Amber Group executives claim 'exponential' growth in crypto institutional investment
25.3.2022
Panelists at the Blockchain Africa Conference 2022 discuss the significant potential of cryptocurrency institutional investment while highlighting the challenges it still faces
Web 3 Needs Africa, Not the Other Way Around
25.3.2022
The continent has shown a willingness to embrace new financial services technologies, and crypto addresses a pressing need in every country
Report: Number of African Cryptocurrency Users up by Nearly 2,500%
22.3.2022
The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencies According to a new report by crypto exchange Kucoin...
Cross-Border CBDC Payments Are 'Viable,' Says Report From Central Banks of Australia, Malaysia, Singapore and South Africa
22.3.2022
The tool to enable paying using different assets, tested by Australia, South Africa, Singapore and Malaysia, is the latest foray into trialling the applications of central bank digital currencies
Crypto users in Africa grew by 2,500% in 2021: report
21.3.2022
A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries
Crypto Exchange FTX Partners With AZA Finance ‘to Expand the Adoption of Web3 and Digital Currencies in Africa’
19.3.2022
Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT marketplace.” Bolstering Adoption of Web3...
Luno Launches Venture Fund to Invest in Over 200 Crypto and Fintech Startups per Year
19.3.2022
Luno cryptocurrency exchange recently announced the launch of an investment arm, Luno Expeditions, whose objective is to invest in fintech, crypto, and Web3 startups globally. The investment arm will target digital assets and later-stage companies starting from Series A upwards. Funding Over...
‘We don’t like our money:’ The story of the CFA and Bitcoin in Africa
16.3.2022
African crypto experts and entrepreneurs explain why the African franc is an uncomfortable currency and why Bitcoin is making waves as a replacement
FTX Strengthens Global Presence With AZA Finance Link in Africa
16.3.2022
Report: Africa Fintech Startups Raised $2 Billion in 2021
15.3.2022
Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021...