[Jun 12, 2023 8:00 AM] The Central Bank of Nigeria governor, Godwin Emefiele, was suspended by Nigerian President Bola Ahmed Tinubu on June 9 and was subsequently arrested by a domestic security agency. Several reports have linked Emefiele’s suspension to the…
[Jun 10, 2023 9:52 AM] According to Nigeria's securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal.
[Jun 9, 2023 5:30 AM] A Zimbabwean crypto trader has appeared in court to face theft and money laundering charges after prosecutors accused him of stealing digital assets worth more than $457,000 from his client. The crypto trader is accused of siphoning the digital…
[Jun 9, 2023 2:30 AM] African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees…
[Jun 6, 2023 3:30 AM] The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by…
[Jun 3, 2023 11:30 PM] Patrick Njoroge, the outgoing governor of the Kenyan central bank, recently said the bank’s policy on crypto assets is not driven by personal views but is founded on the “wealth of information that is in the central bank.”…
[Jun 2, 2023 11:30 AM] The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with outright falsehoods and destabilising innuendos.” The Nigerian publication Daily Trust has…
[May 31, 2023 9:30 PM] Kenyan President William Ruto recently urged his counterparts on the African continent to kickstart the process of ditching the U.S. dollar and replacing it with a pan-African settlement system. Ruto said the Pan-African Payments and Settlement…
[May 31, 2023 2:30 AM] The new Nigerian president Bola Ahmed Tinubu has deplored the Central Bank of Nigeria (CBN)’s aggressive interest policy which he has reportedly labeled “anti-people” and “anti-business.” Tinubu also announced the…
[May 30, 2023 3:30 AM] The South African central bank has said the that perception that the African nation has aligned itself with Russia could result in the imposition of secondary sanctions which threaten financial stability. The bank also warned in its latest…
[May 20, 2023 2:30 AM] About 40% of 153 African banks surveyed by the latest African Banker annual report said they regard “fintechs and telcos as high threats,” while 69% see artificial intelligence as the “most important technology shaping the…
[May 16, 2023 6:00 AM] This is an opinion editorial by Heritage Falodun, a Bitcoin consultant and computer scientist based in Nigeria.On May 3, 2023, during a federal executive council meeting presided over by President Muhammadu Buhari at the council chamber in Abuja…
[May 11, 2023 4:30 AM] The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency…
[May 11, 2023 3:30 AM] The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency. Instead of using gold-backed digital currency to limit the demand for the greenback, the global lender…
[May 10, 2023 3:48 PM] The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa.
[May 9, 2023 11:30 PM] Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the…
[May 9, 2023 8:51 AM] Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem.
[May 7, 2023 4:30 PM] The Nigerian payments startup, Nomba, is reported to have raised $30 million via a pre-Series B that was led by Base10 Partners. The new solution is expected to help the startup operate more efficiently and deliver “excellent customer…
[May 6, 2023 1:30 AM] Fedi, the U.S.-based fintech which is led by the Nigerian bitcoin advocate Obi Nwosu, said on May 3 that it recently raised $17 million in a Series A funding round. The company said it will use the funds to help it launch what it called the…
[May 5, 2023 3:30 AM] The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa Pantami, said the new policy is a product of consultations…
[May 4, 2023 7:41 PM] A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.
[May 4, 2023 6:20 PM] Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year.
[Apr 30, 2023 6:00 AM] Just a year after making bitcoin legal tender, the Central African Republic (CAR) abandoned its plans to revitalize its country. Why? This is an opinion editorial by Jonathan Buck, founder of JB & GS Mining GmbH, a German bitcoin mining hosting…
[Apr 30, 2023 4:00 AM] The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.”…
[Apr 29, 2023 4:00 AM] According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan…
[Apr 25, 2023 5:30 AM] A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted…
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