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South Africa Might Impose Tighter Crypto Taxes Rules - Auditor
31.8.2020
The South African Revenue Service (SARS) could bring in stricter taxes for the country’s cryptoasset holders in the near future, potentially hampering the development of an industry that has emerged as Africa’s biggest, analysts claim.
Wiehann Olivier, a partner in the auditing division...
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...
Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading
28.8.2020
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account...
African crypto exchange raises $1.5M from Andreessen Horowitz and others
27.8.2020
Crypto is truly a global asset class
Akon Joins Presidential Campaign of Bitcoin Entrepreneur Brock Pierce as Chief Strategist
26.8.2020
Akon has joined bitcoin entrepreneur Brock Pierce’s 2020 campaign to become the president of the United States. Akon will serve as the chief strategist for the Pierce campaign while building his “futuristic” Akon City in Senegal, Africa, that will be run on the akoin...
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....
Akoin Co-Founder Explains How $6B Futuristic Akon City Will Work
21.8.2020
Akoin president Jon Karas says Akon’s crypto city could be the proving ground African economies need
South African Regulator Warns Against Using Mirror Trading International
20.8.2020
Mirror Trading International is getting flak from regulators worldwide
Mirror Trading Clients Should Take Their Money and Run, South Africa’s Financial Regulator Advises
19.8.2020
FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation
$6 Billion Akon City Underway: Akon Says Cryptocurrency Will Empower Africans
16.8.2020
The construction of Akon City, the $6 billion futuristic city that will function solely on the akoin cryptocurrency, is underway. Akon says cryptocurrency will empower Africans to overcome hurdles, such as high inflation and government corruption. Akon City Will Be Like ‘Wakanda’...
Meet a Freelance Cypherpunk Developer in Africa
16.8.2020
Fodé Diop, founder of the Dakar Bitcoin Developers meetup in Senegal speaks with CoinDesk’s Leigh Cuen about bitcoin in Africa
3 Potential Uses Cases For Blockchain In Africa
13.8.2020
While blockchain technology still can be considered to be in its infancy, some regions, particularly Asia, have advanced in their blockchain-related developments and integrations.
Meanwhile, in Africa, for a region replete with many notably corrupt governments, a little more embrace of blockchain...
High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’
13.8.2020
Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. This was the same time as many countries implemented lockdown measures....
Nigerians Are Using Bitcoin to Bypass Trade Hurdles With China
13.8.2020
Nigerian entrepreneurs are increasingly using bitcoin as a way to trade internationally, noting its significant benefits over legacy financial systems
Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018
13.8.2020
The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume
Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause
12.8.2020
“Women need to be financially independent. This is the biggest weapon they can use to liberate themselves. When they no longer depend on anyone, they can then reach their full potential.”
Nigerian Crypto Activity Has Been On the Rise Since April
6.8.2020
Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months
Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High
6.8.2020
Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips...
South African Bitcoin Investment Company Faces Fresh Scam Allegations
4.8.2020
FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027...
Where FATF Crypto Compliance Gets Interesting: Africa
3.8.2020
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards