Search Results for "africa"
South Africa's Monetary Authority Ask Banks to Work with Crypto Exchanges
South Africa’s Central Bank has released new guidelines stating that banks in the country may act as a channel for funds tied to crypto asset service providers.
Nigeria Eyes New Regulatory Framework to Boost Crypto and Blockchain Adoption
Nigeria’s Ministry of Finance is collaborating with the nation’s capital market watchdog, to provide a new regulatory environment for the blockchain and crypto space.
CBN is continuing to develop its eNaira
R3, the CBN's possible technology partner, will help design a new system to give the CBN complete authority over the CBDC.
SARB governor: CBDCs must tackle a "serious challenge" at WEF 2023.
Lesetja Kganyago spoke at WEF 2023 in Davos, Switzerland. The SARB governor suggested a national discussion before establishing CBDCs. Crypto barely fits two of three currency standards, he said.
Four Countries to Conduct Cross Border CBDC Payment Trials
The Bank for International Settlements (BIS) has joined forces with the central banks of South Africa, Malaysia, Singapore, and Australia to kick start a project dubbed Dunbar aimed at testing the use CBDCs in cross border payments.
BitMEX Invests in South Africa’s Largest Bitcoin Exchange
In a bold financial move, the parent company of BitMEX cryptocurrency exchange has decided to invest in a South Africa’s biggest Bitcoin exchange, VALR.
7 Steps in Luno: How to Convert Your USD to Nigerian Naira Using Bitcoin
This newly found interest also explains the recent increase in the number of exchange platforms that have been springing up to meet this growing demand for liquidity within this space. Some platforms where Nigerians can receive funds in dollars or Bitcoin and convert to Naira has been seen as a way out of the too many constraints fiat presents.
New clause in South Africa's advertising code for cryptocurrency
South Africa's Advertising Regulatory Board now covers cryptocurrencies. Ads must "expressly and plainly" warn investors of money loss. They must also provide balanced information on product returns, features, advantages, and dangers.
As crypto grows across Africa, IMF asks for greater regulation
IMF wants to regulate Africa's crypto marketplaces. Cryptocurrency is a booming market. 25% of sub-Saharan African nations have explicitly regulated crypto, while 2/3 have prohibitions.
Jay-Z and Jack Dorsey to Fund Bitcoin Development in Africa and India with $24.5M
To enable the penetration and adoption of Bitcoin on African and Indian soils, Jay-Z and Jack Dorsey are to give away $24.5 million in BTC.
Mara Raises $23 Million from Coinbase, Alameda to Drive Crypto across Africa
The new funding will enable Mara to expand the reach of its cryptocurrency platform across the continent.
Sango Coin Listing Delayed in Central African Republic
The launch of the Central African Republic's Sango Coin has been postponed for a few weeks due to legal and regulatory obstacles. The Sango Project, which is behind the initiative, stated that the delay is necessary to ensure compliance with all relevant regulations.