IMF and other experts caution against Zimbabwe’s adoption of gold-backed CBDC
Experts say public distrust in the Zimbabwean dollar as a store of value could also be transferred to the newly introduced CBDC.
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IMF disburses $153M to Tanzania for budgetary support
This comes after the international lender says it has concluded the first review of an extended credit facility request by the East African country.
Nestcoin spins off crypto gaming project MVM as part of a larger restructuring move
Metaverse Magna (MVM) also has a new CEO who is looking to grow the company via its new gaming platform Hyper.
Five African projects got at least $10,000 from HRF’s Bitcoin Development Fund
In all, 12 beneficiaries received $455,000 in grants.
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.
CBDCs, like the eNaira, are potentially risky, IMF official says
The IMF MD believes retail CBDCs may result in “unforeseeable” results for central banks.
South Africa-based USSD bitcoin transfer service launches in Ghana
The service will allow Ghanaian users without internet access to send and receive bitcoin.