Report: Nigeria plans to tax crypto transactions in 2023
Nigeria follows in Kenya’s footsteps to tax cryptocurrency transactions.
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South Africa adds crypto businesses to ‘list of accountable institutions’
Crypto entities join banks, estate agents, and dealers in foreign currency on the list of accountable institutions in South Africa.
Strike partners with Bitnob to facilitate Bitcoin-powered remittances to Africa
Africans can now receive low-cost and fast payments in their local currencies, powered by the Lightning Network. But there are questions on whether the process introduces credit, a feature of the traditional remittance system.
The Nigerian government is unwittingly driving crypto adoption
Nigeria's apex bank recently limited cash withdrawals in a display of excessive force. It leaves citizens at the mercy of banks to access their money.
BIS survey finds differing motivations in African CBDC adoption
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.
Nigeria SEC to avoid cryptocurrencies in the push for digital assets
The commission will not consider cryptocurrencies despite the interest of a large percentage of citizens.
Crypto payments company Lazerpay downsizes its team amid struggles to raise funding
CEO Emmanuel Njoku revealed in a letter to investors.