🟠 A new South African stablecoin is now live on Luno
Plus: 🌍 Here’s why Flutterwave is enabling stablecoin payments via Polygon
Ogechi Nelson
🟠 Why Yellow Card shuttered its retail business
Plus: 🇿🇦 USD stablecoins can undermine African monetary sovereignty — SARB Governor
🟠 Flutterwave jumps on the stablecoin train
Plus: 🇳🇬 Nigerians prefer crypto investments and gambling to the capital market — SEC DG
🟠 Nigeria and South Africa exit FATF’s grey list
Plus: 🌍 Nigeria, South Africa and two other African countries exit FATF’s grey list
🇿🇦 Ripple to provide digital assets custody services for Absa’s users
🇰🇪 Kenya edges toward crypto regulation as parliament passes VASP bill
Africa moved $54 billion in stablecoins; now what?
Despite these impressive figures, there is a huge policy vacuum sitting between potential and scale.
Uganda launches CBDC pilot in $5.5 billion tokenization drive
The digital currency is backed by Ugandan treasury bonds and can be accessed via smartphones.
🟠 Circle backs CV VC’s $20M African Blockchain Fund
Plus: 🌍 USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund
🇳🇬 Experts call Nigeria’s crypto tax regime “progressive”