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Kenyan MPs launch law changes for cryptocurrency taxation.

Kenyan MPs 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.

Yellow Card integrates Block’s open-source protocol for cross-border payments

Yellow Card integrates Block’s open-source protocol for cross-border payments

FSCA receives 128 crypto license applications

South African financial regulator receives 128 crypto license applications

Why crypto company Bitmama acquired fintech startup Payday

Why crypto company Bitmama acquired fintech startup Payday

Empowa goes multichain with Hedera’s decentralized ledger

Empowa goes multichain with Hedera’s decentralized ledger

🟠 Binance goes retail in South Africa

🟠 Binance goes retail in South Africa

Binance partners with CryptoConvert to introduce new crypto payment option for South Africans

Binance partners with CryptoConvert to introduce new crypto payment option for South Africans

Business

Yellow Card integrates Block’s open-source protocol for cross-border payments

Yellow Card integrates Block’s open-source protocol for cross-border payments

TBD said that cross-border transactions were only the first use case it considered for the tbDEX protocol.

Why crypto company Bitmama acquired fintech startup Payday

Why crypto company Bitmama acquired fintech startup Payday

Empowa goes multichain with Hedera’s decentralized ledger

Empowa goes multichain with Hedera’s decentralized ledger

Binance partners with CryptoConvert to introduce new crypto payment option for South Africans

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

Nigerian Police announces an arrest in connection to Patricia’s security breach

Stitch introduces crypto payment option in South Africa.

Stitch introduces crypto payment option in South Africa

Patricia fails to meet repayment deadline

Patricia fails to meet repayment deadline

Policy

Kenyan MPs launch law changes for cryptocurrency taxation.

Kenyan MPs 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.

FSCA receives 128 crypto license applications

South African financial regulator receives 128 crypto license applications

Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers

Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers

IMF expands Kenya’s financing package to $938 million

IMF expands Kenya’s financing package to $938 million

South African tax body adopts crypto-assets reporting framework

South African tax body adopts crypto-assets reporting framework

Mauritius wants to integrate the metaverse into its financial system

Mauritius wants to integrate the metaverse into its financial system

Exclusive: Kenyan lawmakers task lobby group to draft crypto bill

Exclusive: Kenyan lawmakers task lobby group to draft crypto bill

State of fiat

CBN looks to tackle inflation by mopping up excess liquidity in banking system

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 cabinet approves $1 billion loan from AfDB

Nigeria secures $1 billion concessionary loan from African Development Bank

Somalia joins the East African trade bloc.

Somalia joins the East African trade bloc

IMF expands Kenya’s financing package to $938 million

IMF expands Kenya’s financing package to $938 million

Kenya to host PAPSS, an African cross-border payment infrastructure

Kenya to host PAPSS, an African cross-border payment infrastructure

Kenyan shilling slumps to a record low of 150 to dollar

Kenyan shilling slumps to a record low of 150 to dollar

IMF reaches staff-level agreement to disburse over $200 million to Senegal

IMF reaches staff-level agreement to disburse over $200 million to Senegal

Enterprise

Pan-African bank Absa wants to digitize trade finance with blockchain

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

Zone Network CEO Obi Emetarom

Exclusive: How blockchain is processing $1 million worth of ATM transactions daily in Nigeria

cryptocurrency fraud

Mastercard launches tool to fight cryptocurrency fraud

BlackRock enters the cryptocurrency market with its bitcoin private trust

BlackRock enters the cryptocurrency market with its bitcoin private trust

Survey: 13% of African companies plan to invest in crypto and blockchain

Survey: 13% of African companies plan to invest in crypto and blockchain

Nigeria

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Why crypto company Bitmama acquired fintech startup Payday

Central Bank of Nigeria to tackle inflation by mopping up excess liquidity in banking system

Nigeria secures $1 billion concessionary loan from African Development Bank

How crypto provides people with a way out during conflicts

Nigerian crypto scam entity Argo Coin has vanished with its customers’ funds

Kenya

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Kenyan MPs launch law changes for cryptocurrency taxation

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

Exclusive: Kenyan lawmakers task lobby group to draft crypto bill

South Africa

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South African financial regulator receives 128 crypto license applications

Binance partners with CryptoConvert to introduce new crypto payment option for South Africans

Stitch introduces crypto payment option in South Africa

South African tax body adopts crypto-assets reporting framework

South Africa on track to overtake Nigeria as Africa’s largest economy in 2024 — IMF

Ghana

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Key insights from BoG’s eCedi hackathon session

Bank of Ghana partners with EMTECH to launch eCedi hackathon

Ghana records economic growth upon adoption of IMF-supported reform program

Nigeria received nearly $60 billion in crypto value in a year

Btrust, cofounded by Jack Dorsey and Jay Z, acquires African Bitcoin talent development firm Qala

Central African Republic

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Fraudulent CAR crypto investment company vanish with customer funds: Reports

CAR expands Sango project to tokenize land and natural resources

Ripple Labs exploring real-world use cases of CBDCs and stablecoins

CAR’s parliament passes law on tokenization of its resources

Inflation in Africa: Latest data shows worsening figures across the board

Morocco

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Morocco remains in top 20 for global crypto adoption despite ban — Chainalysis

Binance provides crypto aid to Libya flood victims amidst controversies over possible PR motives

IMF and World Bank to proceed with annual meetings in Morocco in October

Binance airdrops $3 million in crypto to Morocco earthquake victims

IMF presents CBDC system to solve cross-border remittance issues

Uganda

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Nigeria received nearly $60 billion in crypto value in a year

Btrust, cofounded by Jack Dorsey and Jay Z, acquires African Bitcoin talent development firm Qala

Honeycoin taps MoneyGram to expand crypto-to-fiat capabilities

Uganda’s parliament is working on a bill to regulate virtual assets

Uganda becomes Kenya’s fastest-growing source of diaspora remittance

Cameroon

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Nigeria received nearly $60 billion in crypto value in a year

Crypto adoption on the rise in Cameroon, amidst growing concerns of Ponzi schemes - study

Btrust, cofounded by Jack Dorsey and Jay Z, acquires African Bitcoin talent development firm Qala

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

Central African countries to ditch French colonial currency

Senegal

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IMF reaches staff-level agreement to disburse over $200 million to Senegal

Nigeria received nearly $60 billion in crypto value in a year

Inflation in Africa: Latest data shows worsening figures across the board

60% of African countries recorded lower consumer prices in December

October 2022 inflation report: Consumer prices are rising at a slower pace in many African countries

Egypt

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Morocco remains in top 20 for global crypto adoption despite ban — Chainalysis

Egypt and Ethiopia among six countries invited to join BRICS

Egypt launches new ‘high interest’ dollar savings certificate

Egypt explores BRICS membership, plans to ditch US dollar for trade with BRICS nations

Inflation in Africa: Latest data shows worsening figures across the board