CBDCs
Nigeria’s CBDC eNaira records $10M in transaction since October
Over 270,000 users actively used the Nigeria's eNaira CBDC since its launch and have completed transactions worth $10 million.
Christian Nwobodo 2 min read Africa News
Latest updates on crypto innovation, adoption, and regulation across Africa’s growing digital asset ecosystem.
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Christian Nwobodo 2 min read 
Adoption
UN Agency wants comprehensive crypto regulation in developing countries
The United Nations Conference on Trade and Development (UNCTD) presented policy issues and recommendations to check the fast pace of crypto adoption in developing countries.
Bear Market
Germany-based Nuri files for insolvency, CoinFlex kicks off restructuring process
Crypto winter has left Nuri insolvent, while CoinFlex is looking to restructure to deal with its unpaid debt.
More Africa Crypto News & Analysis
Adoption
African blockchain investments surpass 2021’s total of $127M
The fundraising boom being witnessed by Africa's crypto sector is showing no signs of slowing down anytime soon
Adoption
Naira now has a third “crypto exchange rate” as Nigerians rely heavily on crypto
Nigeria's dual exchange rate system becomes triple with the emergence of the crypto exchange rate of Naira, as Nigerians turn to crypto due to low confidence in Naira.
Adoption
Central African Republic’s Sango Coin sales go live, records only $1.09 million in 24 hours
Sango Coin recorded an inflow of $1.09 million within 24 hours of its initial offering, as the project criticism and declining market conditions continue.
CBDCs
Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue
Nigeria's low-cost digital currency e-Naira is having gaining traction as banks are reluctant to promote it due to concerns that it will impact their revenue.
Scams
CFTC charges Mirror Trading International with alleged fraud of $1.7 billion worth of Bitcoin
The Commodity Futures Trading Commission filed fraud charges against Mirror Trading International for allegedly defrauding users of $1.7 billion worth of Bitcoin.
Adoption
CAR’s President announces crypto-hub “Sango” launch date
When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.
