Egypt’s journey towards digital pound implementation
Egypt is moving towards joining Nigeria, Kenya, Senegal, and South Africa in implementing CBDCs.
News
Angola’s parliament passes law to regulate digital assets and crypto-mining
The five-part law protects the country’s monetary policy and energy infrastructure, per an official.
Ghana’s SEC sets up committee on crypto regulations
The SEC’s Director-General said that the Commission formed the task force to help it develop the capacity to regulate crypto assets.
Fuse unveils $10 million in grants to enhance Web3 innovation
The $10 million grant program is open to global applications. However, there will be a keen focus on emerging markets like Africa.
Ethiopia set to make an “unnecessary and unfortunate” default on Eurobond repayment
The country’s finance ministry is looking to restructure its Eurobond following recent success with restructuring the terms of its bilateral debt.
🟠 Bitmama X Payday: When Web3 acquires Web2
Plus:
🇿🇦 South Africa could license up to 36 crypto firms this month.
🌍 Yellow Card integrates Block’s open-source protocol for cross-border payments.
BIS says token-based CBDCs like the eCedi pose counterfeiting and money laundering risks
The Bank of Ghana previously assured that the eCedi would keep with financial regulations while maintaining privacy.