South Africa to introduce cross-border crypto framework in 2025
It will set parameters, conditions, administrative responsibilities, and reporting requirements for cross-border crypto transactions.
Ogechi Nelson
Ethiopia halts new crypto mining permits as power capacity reaches limit
This comes after the East African nation generated $55 million from Bitcoin mining over a 10-month period in 2024, primarily through agreements with 25 mining companies.
Stablecoin flows in Africa hit 6.7% of GDP in 2024 – IMF
Only Latin America and the Caribbean (7.7%) surpassed Africa in flows relative to GDP.
HoneyCoin secures $4.9M in seed funding for stablecoin-focused payment platform
The company announced that the new capital will be used to accelerate HoneyCoin’s scaling plans, expand its product suite, hire senior talent and strengthen compliance and licensing capabilities.
🟠 cNGN unlocks Nigeria’s short‑term debt with 21% returns
Plus: Mariblock’s OnChain Conference; 🇹🇿 Tether makes a move in Zanzibar; 🇰🇪 Luno re-enters Kenya
Sidebar: How governments can solve blockchain problems in Africa — Web3Bridge founder
Ayodeji Awosika, founder of Web3Bridge, believes that 70% of Nigeria’s problems can be solved if the government steps up to fix just education, infrastructure, and travel policies.
Blockchain enters the spaza shop: LovCash, Lisk and a major FMCG want to digitize informal trade
LovCash has deployed its platform on Lisk’s blockchain infrastructure to digitize transactions within the informal FMCG trade in South Africa.