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.
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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.
October 2022 inflation report: Consumer prices are rising at a slower pace in many African countries
Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.
September 2022 inflation report: Food prices have become Africa’s main inflation driver
At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.
FTX contagion spreads to Africa as Web3 venture studio Nestcoin announces exposure to the failed exchange
The CEO says a significant portion of the company’s assets are held at FTX and will now have to lay off some employees.