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.
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.
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.
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.
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
A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable