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.
The Paxful-Onramp.Money link-up lets users buy crypto instantly with local money in 30 regions. Paxful says the deal improves liquidity on its platform.
The KuCoin suspension comes after the new Nigerian SEC chief hinted at a total ban on P2P trading.
Acting Director General Emomotimi Agama, who met with the crypto community virtually, invoked patriotism and urged market participants to fish out naira manipulators.
This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.
The East African country, added to FATF’s grey list last week, committed to reining crypto-related money laundering and terrorism financing risks.
A pivotal moment for Africa’s crypto regulatory landscape as South Africa nears crypto license issuance.
In December 2023, Ethiopia informed its bondholders that it would not be able to make a $33 million repayment on its $1 billion Eurobond loan.
A staff-level agreement follows the approval of the IMF loan to Kenya in November 2023.
This feature is only available to South African users of the Paycorp-powered CryptoExpress app.
Once the date for a meeting has been set, it is expected that the necessary approval will be granted.
“Worldcoin is working directly with regulators to meet Kenya’s requirements, particularly as the Assembly considers new regulations,” a source said.
