South Africa adds crypto businesses to ‘list of accountable institutions’
Crypto entities join banks, estate agents, and dealers in foreign currency on the list of accountable institutions in South Africa.
Ogechi Nelson
Strike partners with Bitnob to facilitate Bitcoin-powered remittances to Africa
Africans can now receive low-cost and fast payments in their local currencies, powered by the Lightning Network. But there are questions on whether the process introduces credit, a feature of the traditional remittance system.
BIS survey finds differing motivations in African CBDC adoption
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.
Nigeria SEC to avoid cryptocurrencies in the push for digital assets
The commission will not consider cryptocurrencies despite the interest of a large percentage of citizens.
October 2022 inflation report: Consumer prices are rising at a slower pace in many African countries
Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.
September 2022 inflation report: Food prices have become Africa’s main inflation driver
At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.
FTX contagion spreads to Africa as Web3 venture studio Nestcoin announces exposure to the failed exchange
The CEO says a significant portion of the company’s assets are held at FTX and will now have to lay off some employees.