The East African country hopes to earn much-needed foreign exchange by providing electricity to these mining companies.
Dubbed the “Core African Innovation Fund,” the initiative seeks to support blockchain projects in Africa.
The fellowship, Btrust Builder’s first since it acquired Qala, is expected to train African software developers on Bitcoin open-source development.
The analytics firm found that illicit transactions are carried out more with stablecoins than any other cryptocurrency.
The reasons for the closure remain obscure, but there are suspicions that thin volumes on the exchange were a factor. The registration feature on the website has also been disabled.
With the eCedi CBDC, the Bank of Ghana hopes to stay relevant in an increasingly digital world. The CBDC is also created for financial inclusion.
$50 million comes as a grant from the World Bank’s International Development Association.