New South African stablecoin goes live on Luno
Dubbed the ZAR Supercoin, the stablecoin designed and developed by New York-listed Super Group, is backed by cash reserves in Absa bank.
Crypto in Africa
🟠 Why Yellow Card shuttered its retail business
Plus: 🇿🇦 USD stablecoins can undermine African monetary sovereignty — SARB Governor
Why Yellow Card shuttered its retail business
Yellow Card told Mariblock that the decision was driven by strong, growing demand for stablecoin-fiat payment services.
USD stablecoins can undermine African monetary sovereignty — SARB Governor
Lesetja Kganyago says he is unconvinced by the supposed stability of USD-pegged stablecoins and believes their backing can be called into question
🟠 Flutterwave jumps on the stablecoin train
Plus: 🇳🇬 Nigerians prefer crypto investments and gambling to the capital market — SEC DG
Nigerians prefer crypto investments and gambling to the capital market — SEC DG
Emomotimi Agama said the country is missing out on substantial investments because Nigerians avoid investing in the Nigerian capital market.
🟠 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