Kenya plans to tax cryptocurrency exchanges despite the central bank’s unfriendly stance
Crypto exchanges in Kenya will soon be mandated to pay a 1.5% duty on every commission received by Kenyans.
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Crypto exchange Roqqu receives regulatory approval to operate in South Africa
The exchange can now offer deposits and withdrawals in the South African Rand (ZAR)
Nigerian man wins one bitcoin, worth $29,000, in Yellow Card’s lucky draw competition
The competition, dubbed ‘A Whole in your Wallet,’ featured participants from 10 African countries.
Zimbabwe plans to launch gold-backed digital currency to counter hyperinflation
This is the latest move by the bank to battle runaway inflation, a depreciating currency, and a dollarized economy, and it is coming amidst controversy in the country’s gold sector.
Adaverse leads fundraiser for blockchain-based FMCG authentication startup
The startup, Chekkit, provides end-to-end monitoring and tracking of pharmaceutical products. The fresh capital will be used for expansion and hiring for senior roles.
Why the Nigeria-China currency swap deal has failed to stabilize the naira
The deal was to reduce the demand for U.S. dollars and strengthen the value of the naira.
A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable
South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.