10 / 16 Relevant items tagged with #Africa
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Report: Nigerian Central Bank Sued for Dollarizing Economy
Bitcoin gains traction in West Africa with educational drive
[Aug 24, 2023 7:01 AM] As anti-French sentiment rides high in West Africa, Bitique opens its doors, the “Bitcoin Mastermind” conference beckons and more nodes come online to verify the Bitcoin blockchain.
Machankura’s Noelyne Sumba Discusses The Power Of Putting Bitcoin On Africa’s Feature Phones
[Aug 23, 2023 6:00 AM] In August 2023, during the “Barbie” media tour, actor Margot Robbie commented on how two of the movie’s producers, David Heyman and Tom Ackerley, gave off “big Ken energy” while talking about Bitcoin. It seems likely that the comment was, at lea
Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears
Report: Kenyan Parliament Establishes Committee to Investigate Worldcoin
[Aug 22, 2023 12:30 PM] The Kenyan Parliament recently created an ad-hoc committee to investigate Worldcoin’s activities in the country. According to the Kenyan House speaker, the 15-member committee is expected to report back to parliament within 42 days. A Kenyan…
Somalia bans Telegram and TikTok over misinformation
[Aug 21, 2023 5:17 AM] Somalia has shut down crypto-friendly messaging app Telegram and gambling site 1XBet, while cryptocurrency investments aren’t banned.
Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
[Aug 18, 2023 5:30 AM] Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The…
Commodity tokenization is the economic aid Africa needs
[Aug 14, 2023 4:08 PM] Commodity tokenization would enable African countries — such as Ghana and Botswana — an opportunity to empower themselves without relying on international aid.
Zimbabwe central bank close to introducing gold-backed digital tokens into retail
[Aug 14, 2023 1:25 PM] Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation.
Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’
Nigerian Association of Money Changers Calls for Banning of Binance
Circle CEO: 70% of USDC adoption comes from outside the US
[Aug 7, 2023 10:50 PM] Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.
Worldcoin Confirms Kenya ID Verification Pause
Kenyan Government Says It Has ‘Suspended’ Worldcoin Activities
Worldcoin cryptocurrency project suspended in Kenya
[Aug 2, 2023 2:22 AM] Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data.
Togolese Activist Farida Nabourema On Avoiding Government Censorship And ‘Bitcoin For Youngsters’
[Jul 31, 2023 6:00 AM] Bitcoin is a geographic chameleon. And, as such, this “magic internet money” that lives on a decentralized, permissionless system is changing the world right in front of us. One of Bitcoin’s many superpowers is that it takes on different aliases in
Kenyan Data Regulator Issues Warning as Residents Rush to Get Worldcoin’s ‘Free Money’
Blockchain technology lets East African farmers sell globally
[Jul 28, 2023 7:21 AM] Blockchains’ tracing capacities can help certify that crops weren’t grown by razing woodlands or harvested with child labor.
Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
Over 10,000 South African Retail Outlets Now Accept Momint Crypto Vouchers
[Jul 27, 2023 12:00 AM] Momint, a Web3 marketplace app, has said South African residents can now use cryptocurrency to purchase shopping vouchers which are accepted by over 10,000 retailers. The Momint app can also be used to send cross-border remittances at a fraction of…
Deeper Ties With BRICS Should Not Jeopardize Relations With the West — South African Business Association Leader
[Jul 26, 2023 4:30 AM] South Africa’s economic well-being is dependent on trade relations with the West, and therefore attempts to bolster relationships with BRICS must not be at the expense of ties to the West, the leader of a South African business association…
Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’
[Jul 26, 2023 2:00 AM] In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle…
Nigerian central bank adds NFC upgrade to eNaira for contactless payments
[Jul 23, 2023 2:02 AM] The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC.
Nigerian Social Payments Platform Bundle Ceases Crypto Exchange Operations
[Jul 22, 2023 3:30 PM] The Nigerian social payments platform Bundle said on July 20 it was shutting down its crypto exchange services business and will now focus on its peer-to-peer platform known as Cashlink. Bundle said users must withdraw or convert their digital…
Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
[Jul 21, 2023 9:30 PM] The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for…
Study: Six Countries Account for Over 90% of Africa’s Crypto Interest in H1 2023
US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction
[Jul 17, 2023 3:30 AM] According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is…
Report: Zimbabwean Economist Says Portion of Goverment Employees’ Salaries Must Be Paid in Gold Coins
As Zimbabwe’s Fiat Currency Crashes Again, Bitcoin Adoption Is Poised To Last
[Jul 11, 2023 6:00 AM] This is an opinion by Thabo P. Ncube, a Bitcoiner who lived through Zimbabwe’s hyperinflation in 2008.The Reserve Bank of Zimbabwe (RBZ), the fiat custodian and lender of last resort in the country, recently “liberalized” its much-vaunted foreign…