BIS says token-based CBDCs like the eCedi pose counterfeiting and money laundering risks
The Bank of Ghana previously assured that the eCedi would keep with financial regulations while maintaining privacy.
The eCedi will bridge the gap between the banked and unbanked – BoG Governor
UfarmX wants to create blockchain-based digital ‘credit scores’ for African farmers
Kenyan legislators launch law changes for cryptocurrency taxation
Yellow Card integrates Block’s open-source protocol for cross-border payments
South African financial regulator receives 128 crypto license applications
Why crypto company Bitmama acquired fintech startup Payday
Business
UfarmX wants to create blockchain-based digital ‘credit scores’ for African farmers
The US-based startup is expanding its operations into Senegal after conducting pilots in Nigeria.
Yellow Card integrates Block’s open-source protocol for cross-border payments
Why crypto company Bitmama acquired fintech startup Payday
Empowa goes multichain with Hedera’s decentralized ledger
Binance partners with CryptoConvert to introduce new crypto payment option for South Africans
Nigerian Police announces an arrest in connection to Patricia’s security breach
Stitch introduces crypto payment option in South Africa
Policy
Kenyan legislators launch law changes for cryptocurrency taxation
The bill will now move to the next stage, where members of parliament will discuss and propose any changes they think are needed. If approved, it will be sent to the President for final approval.
South African financial regulator receives 128 crypto license applications
Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers
IMF expands Kenya’s financing package to $938 million
South African tax body adopts crypto-assets reporting framework
Mauritius wants to integrate the metaverse into its financial system
Exclusive: Kenyan lawmakers task lobby group to draft crypto bill
State of fiat
Central Bank of Nigeria to tackle inflation by mopping up excess liquidity in banking system
Cardoso said that the previous CBN administration deployed unorthodox policies, resulting in an uptick in inflation.
Nigeria secures $1 billion concessionary loan from African Development Bank
Somalia joins the East African trade bloc
IMF expands Kenya’s financing package to $938 million
Kenya to host PAPSS, an African cross-border payment infrastructure
Kenyan shilling slumps to a record low of 150 to dollar
IMF reaches staff-level agreement to disburse over $200 million to Senegal
Enterprise
Pan-African bank Absa wants to digitize trade finance with blockchain
The bank will be able to adopt a digital process for issuing letters of credit
Exclusive: How blockchain is processing $1 million worth of ATM transactions daily in Nigeria
Mastercard launches tool to fight cryptocurrency fraud
BlackRock enters the cryptocurrency market with its bitcoin private trust
