The East African country wants to position itself as a global bitcoin mining hub with hundreds more megawatts of power to be made available for bitcoin miners in the country.
The expansion brings the Kenya-based fintech’s presence to six African countries.
The archipelago in Tanzania wants to position itself as a hub for technological innovation.
These fintechs follow the steps of other notable Nigerian tradfi banks in implementing Zone’s blockchain-based payments processing network
The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.
Nigeria's SEC unveils strict requirements for crypto firms, including local presence and hefty penalties, as it seeks to regulate the burgeoning digital asset market amidst global challenges.
Despite promising blockchain developments, it remains unclear how Nigeria plans to transform its policies and promises into tangible, productive endeavors.
Dr. Agama’s latest comments come amidst uncertainties in the Nigerian crypto space. A Binance executive remains in detention in Nigeria.
SARS is working closely with the South African Reserve Bank (SARB), along with international information exchanges on eliminating non-compliance.
