IMF presents CBDC system to solve cross-border remittance issues
The system will not be built on public blockchain, as it is considered unsafe, costly and energy-consuming.
Morocco
Morocco's central bank governor calls for caution in dealing with CBDCs
Jouahri emphasized the pressing need to thoroughly examine CBDCs.
Saudi-Based blockchain firm IR4LAB extends operations to Africa
According to the firm, the decision is driven by a dedication to the continent and its plan to foster innovation in advanced technologies.
Report: Nigeria and Morocco among top 10 countries interested in meme coins
Nigeria ranked 5th in the table, ahead of Australia, New Zealand and Canada. Morocco ranked 10th.
France national who purchased Ferrari with bitcoin in Morocco gets an 18-month jail term
The accused, who claimed ignorance of the ban on cryptocurrency in the country, was also directed to pay fines of up to €3.8 million.
Inflation in Africa: Latest data shows worsening figures across the board
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.