Places Africa

Users will be able to stake certain coins and receive a corresponding asset in return.

Stellar's strong price performance sees it lead the top 100 coins.

The Nigerian SEC had declared Binance Nigeria Limited's operation in the country as illegal.

Nigeria's eNaira experiment, in which forceful measures to replace physical currency with a CBDC led to nationwide protests and public distrust, offers crucial lessons for future CBDC implementations.

Many Nigerians have questioned if the new blockchain policy legalizes cryptocurrency usage in the African country.

Foreign crypto exchanges in Kenya are now expected to pay a 1.5% duty on commissions they receive from facilitating crypto trades.

Aside Nigeria, several other countries like Germany and Singapore are also considering assets tokenizations.

In 2021, the central bank of Nigeria ordered banks to stop facilitating cryptocurrency transactions and close all crypto-related accounts.

The Nigerian central bank had doubled down on cash restrictions, triggering chaos in the country.

The central bank's move to invalidate current notes and the subsequent cash withdrawal restrictions have increased demand for Bitcoin.

South Africa's ARB has urged crypto ads providers to warn that investing in crypto assets may result in loss of capital.

The Central Bank of Nigeria said it would work with relevant authorities to develop a regulatory framework for the implementation of stablecoin and initial coin offerings. 

The E-Naira has been live for 14 months and the Nigerian government is continuing to struggle with adoption despite the population's favorable stance toward crypto.

SBF was sent back to jail and not extradited following his latest hearing, Binance.US plans to acquire the assets of bankrupt crypto lender Voyager, and more in this CryptoSlate Wrapped Daily.

The investments and securities amendment bill which passed the second hearing will allow the Nigerian Securities and Exchange Commission (SEC) to recognize cryptocurrency as capital for investment.

Binance CEO, CZ answers questions in latest Twitter space, denies rumors, and advises against withdrawing funds from exchanges.

Over 500 families in the area are also receiving uninterrupted off-grid power.

NFT technology adoption and blockchain gaming reported to be on the rise in African and Middle-East markets with significant growth expected up to 2028.