US-Based Bitcoin Focused Startup Fedi Raises $17 Million in Series A Funding Round
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.…
Africa
Blockchain
Central Bank of Nigeria (CBN)
Digital Currency
financial stability
Lucky Uwakwe
National Information Technology Development Agency (NITDA
Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban
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…
The Fall Of Bitcoin In The Central African Republic: Why This Legal Tender Experiment Failed
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…
Africa
e-Wallet
gold coins
gold-backed digital currency
John Mangudya
p2p
Reserve Bank of Zimbabwe
store of value
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
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…
Africa
central bank of Kenya
crypto exchange
digital marketplace
digital tax
Kenya Revenue Authority
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
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…
How Anita Posch Brings Financial Education To The World: ‘Bitcoin Gives Them A Choice’
Podcaster and non-profit educator Anita Posch discusses her mission to travel the world and bring Bitcoin to those who need it most. As an American who grew up in the…
Zambia to Complete Testing Real-Life Crypto Usage Simulations by June — Government Minister
Zambia is set to complete real-life crypto usage simulations by the end of June, Felix Mutati, the country’s science and technology minister has said. The Zambian minister said his country…
Africa
Central Bank of Nigeria (CBN)
currency stability
external reserves
Nasarawa State University
People's Bank of China
Uche Uwaleke
Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap…
Africa
Binance
Crypto Adoption
crypto exchange
digital economy
Emmanuel Ebanehita
Opeoluwa Filani
Showmax
Web3
Report: Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa
In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users…
Africa
central bank digital currency (CBDC)
Distributed Ledger Technology
Financial Sector Conduct Authority (FSCA)
Gerhard van Deventer
Project Khokha
Sim Tshabalala
South African Reserve Bank (SARB)
Standard Bank
tax evasion
tokenized deposits
Report: Regulations Governing Tokenized Deposits and Crypto Assets in South Africa Set to Take Effect in January 2025
Regulations governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according…