Adoption
Nigeria ends years-long restrictions on crypto transactions
Under the new guidelines, financial institutions are now allowed to open accounts for businesses dealing in virtual/digital assets.
Assad Jafri 3 min read
Africa News
Latest updates on crypto innovation, adoption, and regulation across Africa’s growing digital asset ecosystem.
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Adoption
Binance survey reveals 76% of users believe crypto efficient in reducing income inequality
Digital assets become tools for home savings and retirement plans with 36% of Binance users relying on crypto for financial security.
Adoption
XRP market cap adds $2B following Ripple’s payment network expansion
Ripple is partnering with payments fintech company Onfariq to open routes connecting Africa and beyond.
Latest Africa Crypto News & Analysis
CBDCs
CBDCs struggling to gain traction without private-sector cooperation
Most countries are struggling to get their populace to use CBDCs as they do not offer the same level of convenience and benefits as private payment platforms.
Legal
Kenyan authorities claim Worldcoin’s activities amount to ‘espionage’
The company applied for registration as a data controller on August 22, 2022, a year after commencing its activities in the country, violating the Data Protection Act of 2019.
Adoption
Vitalik Buterin sees crypto utility growing in developing world, wary of CBDCs, exchanges
Buterin spotlights potential of crypto in emerging economies while voicing concerns over future of CBDCs and exchanges.
Culture
Binance Charity, CZ defend $3 million crypto donation amid critique after Morocco earthquake
Critics call it PR, CZ Binance defends crypto's role in swift disaster relief."
Culture
Women hold just 6% of crypto CEO roles highlighting gap in leadership – report
Breaking the silicon ceiling: stark gender disparity revealed in crypto leadership roles.
Tokenization
Kenya clamps down on Worldcoin over national security and tax evasion concerns
Kenya's Attorney General said Worldcoin is not a registered business in the country.
More Africa Crypto News Headlines
Adoption
Nigeria national agency to authenticate government certificates using blockchain
Exchanges
Nigerian authorities call on government to ban Binance amid Naira crisis
Exchanges
Nigerian SEC doubles down on Binance warning despite its recent approval in Dubai
Partnerships