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First CBDC Coming To Africa As Ghana Plans to Launch Pilot in September

The Bank of Ghana (BoG) will launch its central bank digital currency project’s pilot in September, according to the Bank’s First deputy governor, Maxwell Opuku-Afari. Modern Ghana, a local news outlet, reported that the deputy governor said the project is currently in its last phase of development, and implementation is expected to start in two […] дальше »

2021-7-13 18:02


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Parliament of West Africa Economic Block Cautions Against Use of Cryptocurrencies

The parliament of the Economic Community of West African States (ECOWAS) has joined the list of African organizations that have cautioned against the use of cryptocurrencies. In its warning to West Africa crypto users, the legislative body insists these digital assets are too volatile and as such “their use on the African continent is not […] дальше »

2021-7-11 09:30


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T.E Markets Ltd Set To Launch Its Crypto Currency And Africa’s first Consolidated Exchange

T. E Markets Limited, has launched its own cryptocurrency; XTEMCoin with presale starting on Monday 28th, June on their website, www. tem-coin. com. T. E Markets Ltd is a Holding Company registered in Seychelles with running projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of Congo, United States of America and soon in Ghana. дальше »

2021-7-3 15:32


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Flashcoin Listing on Mandala Exchange

Mandala.Exchange, a leading digital asset trading platform, now has listing Flash in the queue. Flash will be exchanged through its trading pairs the first being USDT and followed by BTC. This move will facilitate users from many countries, including many on Continental Africa, Indonesia, Thailand, UAE, and more, to access buying and selling of Flashcoin […] дальше »

2021-7-2 13:10


Following The Biggest Scam In Bitcoin History, South Africa To Tighten Crypto Regulation

After possibly the biggest scam in Bitcoin history, South African government moves to stiffen regulation regarding crypto assets. South Africa Responds To Bitcoin Scams Over the past couple of years, the nation has observed a series of crypto scams, including two of the biggest Bitcoin scams ever. The first of these was in 2020, when […] дальше »

2021-7-1 17:44


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Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time

Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of […] дальше »

2021-6-29 07:30


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Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’

Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto investment company, it concedes it has only “found evidence of crypto-asset transactions. дальше »

2021-6-25 15:00


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ENGIE, Energy Web Access to Electrify Sub-Saharan Africa with DeFi 

ENGIE Energy Access and Energy Web have inked a partnership deal aimed at electrifying Sub-Saharan Africa with green solar energy. The team plans to create what it calls decentralized finance (DeFi) crowdfunding platform that will enable investors to provide microloans that will support renewable energy deployment, according to a press release on June 17, 2021.Read More дальше »

2021-6-19 17:00


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South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers

South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […] дальше »

2021-6-13 08:30


South Africa’s Financial Watchdog to Regulate Crypto Assets in ‘A Phased and Structured Manner’

South Africa is ready to set crypto asset controls to curb the growing cases of fraud and scams and improve the management of cross-border flows. According to a statement by the Intergovernmental Fintech Working Group (IFWG) and the Financial Sector Conduct Authority (FSCA), the nation will start regulating cryptocurrencies with a “structured approach. дальше »

2021-6-13 17:16


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Uganda Museum Collaborates With Software Development Firm to Create NFTs for Display on Binance Marketplace

One of Africa’s oldest museums, the Uganda National Museum (UNM), is set to create digital representations of the unique artifacts that are on display at this facility. Working in concert with software development firm Murcom, Uganda’s biggest museum is expected to display and auction the digitally represented items on Binance’s non-fungible token (NFT) marketplace. Uganda […] дальше »

2021-6-9 15:00


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Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System

Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of […] дальше »

2021-6-9 06:30


How Nigeria’s Twitter Ban Could Hinder Bitcoin’s Adoption Rate In Africa

The Government of Nigeria on June 5th announced a ban on the social media platform, Twitter, restricting it from operating in Nigeria through the office of the Minister for Information and Culture. This action reportedly comes after Twitter deleted tweets by the President threatening a repeat of the Nigeria-Biafra 1967 Civil War. The ban has […] дальше »

2021-6-7 18:07


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South African Crypto Exchanges Confirm Receiving Request for Client Data From Tax Collection Body

Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […] дальше »

2021-6-3 08:30


‘In Africa the Utility of Cryptocurrencies Is Attractive’, Says Marius Reitz, Luno Africa GM

BeinCrypto spoke to Marius Reitz, the General Manager of Luno Africa. We discussed the growth of crypto in Africa, the hurdles, and what's in store for crypto across the continent. The post ‘In Africa the Utility of Cryptocurrencies Is Attractive’, Says Marius Reitz, Luno Africa GM appeared first on BeInCrypto. дальше »

2021-5-31 18:00