2 / 17 Relevant items tagged with #Africa
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African Regulators to Follow U.S. Lead on Crypto Regulations, Says Yellow Card CEO
[Jan 24 7:30 PM] Chris Maurice, CEO of Yellow Card, believes the emergence of a crypto-friendly government in the U.S. will prompt African regulators to establish rules for the sector. African Regulators Seen Following U.S. Lead The recent emergence of a…
Namibia Flips the Script: Central Bank Grants Provisional Approval to Crypto Firms
[Jan 17 3:15 AM] On Jan. 13, the Bank of Namibia announced provisional authorization for two entities, Mindex Virtual Asset Exchange and Landifa Bitcoin Trade, to operate as virtual asset service providers. Provisional Authorization First Step in Two-Step Licensing…
Mining Bitcoin In The Congo And Beyond: The Journey Of BigBlock Datacenter’s Sébastien Gouspillou
[Jan 15 4:27 PM] Listening to Sébastien Gouspillou share stories from the past eight years of his international life as a Bitcoin miner, it’s difficult to believe he’s telling the truth.Each of his tales come across as works of fiction in which he, often compelled…
South African Crypto Exchanges Push for Regulatory Change to Allow Pension Fund Investment
[Jan 10 1:30 PM] Cryptocurrency exchanges have argued that pension funds should be allowed to invest in crypto assets, enabling South Africans to benefit from the substantial growth in cryptocurrency value. South African Treasury Urged to Formulate…
Nigeria’s SEC Warns Crypto License Applicants: Meet Registration Requirements or Face Rejection
[Jan 9 10:30 AM] The Nigerian securities regulator has cautioned that some applicants for virtual asset service provider (VASP) licenses do not meet regulatory requirements. SEC Welcomes Stakeholder Feedback The Director-General of the Nigerian Securities and…
Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew $2 Billion Currency Swap Deal
[Dec 28, 2024 6:30 PM] China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly…
Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria
[Dec 19, 2024 8:30 AM] The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC)…
Gridless Is Mining Bitcoin While Fostering Human Flourishing In Africa
[Dec 17, 2024 5:24 PM] Company Name: GridlessFounders: Janet Maingi, Erik Hersman and Philip WaltonDate Founded: August 2022Location of Headquarters: United States | Operations in Kenya, Malawi and ZambiaNumber of Employees: 10Website: https://gridlesscompute.com/Public…
Yellow Card, Lightspark Partner to Bring Instant Bitcoin Transfers to Africa
[Dec 15, 2024 6:30 AM] Yellow Card, an African stablecoin platform, has partnered with Lightspark to integrate Universal Money Addresses (UMA) into its services. Yellow Card Connects African Businesses to UMA Network Yellow Card, the Africa-focused stablecoin platform…
Fire Brigades Association becomes first Kenyan labor union to hold BTC
[Dec 11, 2024 5:09 PM] The union’s adoption was facilitated by a “get off zero” donation and partnership with Proof of Workforce.
Morocco Cracks Down on Crypto Crime: 5 Arrested in Phishing Scam
[Dec 7, 2024 12:30 PM] Moroccan authorities arrested five people suspected of running a cryptocurrency phishing scam. Email Phishing Scam Moroccan authorities have arrested and detained five individuals suspected of involvement in a cryptocurrency fraud operation. Police…
Recursive Capital Closes Funding Round to Support Bitcoin Companies in Africa
[Dec 3, 2024 7:30 AM] The fundraising is to expand Recursive Capital’s investments in bitcoin companies exclusively on the African continent. More Support for Bitcoin Companies in Africa Recursive Capital, a venture capital firm that specializes in funding bitcoin…
Trump’s 100% Tariff Threat: South Africa Denies BRICS Currency Plan
[Dec 2, 2024 5:17 PM] South Africa has denied reports that the Brazil, Russia, India, China and South Africa (BRICS) economic bloc is planning to create its own currency. Trump Demands BRICS Nations Shun Alternative Currencies Rattled by U.S. President-elect Donald…
Rwanda Preparing to Regulate Cryptocurrencies: ‘Cannot Get Rid of Them,’ Says Governor
[Nov 27, 2024 11:30 AM] Rwanda is preparing to regulate cryptocurrencies in early 2025, the governor of the central bank has said. Central Bank Head Warns of Unregulated Crypto Rwanda is poised to implement regulations governing the use and trade of cryptocurrencies…
AI Hysteria Ignores Africa’s Harsh Reality: Lack of Internet Access Remains the True Threat
Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators
African Payment System Gets Banker’s Endorsement, but Viability Questions Linger
[Nov 8, 2024 8:30 AM] The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System…
Kenyan Securities Exchange Joins Hedera to Bolster Tokenization Ambitions
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
[Oct 31, 2024 9:04 AM] The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to…
Crypto Lobby Group CCI Expands Its Reach by Absorbing Proof of Stake Alliance
[Oct 30, 2024 11:00 AM] The Crypto Council for Innovation (CCI) is taking in the Proof of Stake Alliance (POSA) as regulators worldwide increase their attention to stakings' role in digital assets, where hundreds of billions of dollars are on the line.
World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
[Oct 25, 2024 8:30 AM] The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of…
Revving Up Innovation: Zanzibar Introduces Blockchain Sandbox Program
[Oct 23, 2024 10:30 AM] The Zanzibar government has introduced a blockchain sandbox program to encourage entrepreneurship and technological advancements. The program, powered by the Xinfin XDC network and designed by Ledgerfi IT solutions, allows startups to safely test…
South African Bank Blocks Crypto Payments, Faces Industry Backlash
[Oct 21, 2024 11:20 AM] South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is…
Yellow Card Raises $33M to Expand Stablecoin Presence in Africa
[Oct 20, 2024 9:30 AM] Yellow Card, a leading African stablecoin platform, closed a $33 million Series C funding round led by Blockchain Capital. The funding signifies a milestone for Yellow Card and the African fintech industry, highlighting the potential of stablecoins…
Trial Postponed for Jailed Ex-US Federal Agent After Court No-Show
[Oct 19, 2024 10:29 PM] A Nigerian court has adjourned the trial of Tigran Gambaryan, a jailed Binance executive, due to his illness. Gambaryan, a U.S. citizen and former federal agent, missed a scheduled court appearance. Nigerian High Court Judge Emeka Nwite postponed…
Binance Expands Mobile Money Across Africa — 6 More Countries Gain Access
[Oct 19, 2024 3:30 AM] Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets…
Behind Alchemy Pay and Yellow Card’s Bold Plan for African Crypto Adoption
Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank
Kenya’s Crypto Landscape Set for Major Overhaul With New Tax System
[Oct 18, 2024 5:30 AM] The Kenyan Revenue Authority (KRA) is tightening its grip on cryptocurrency by proposing a real-time tax system integrated with exchanges. This system would track all crypto transactions, capturing details like time and value for tax collection…