crypto africa

The Potential Conflict between Central Bank’s Cashless Policy and the Ban on Cash Withdrawals from VASPs’ Operated Accounts – Insights from a Nigerian Lawyer

Benito CormiJan 7, 20243 min read

Reasonable and Understandable Guidelines Nigerian fintech lawyer Senator Ihenyen acknowledges that the Central Bank of Nigeria’s (CBN) new guidelines, which prohibit cash withdrawals from virtual asset…

Approval Granted for Pilot of Stablecoin by Nigerian Bank-Fintech Consortium

Benito CormiJan 7, 20242 min read

ASC’s Stablecoin Scheduled for Late February Launch The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative…

Experts Predict Revival of African Crypto Industry Driven by Bitcoin ETF Mania and Nigeria’s New Stance

Benito CormiDec 30, 20232 min read

Nigeria’s New Stance on Crypto Boosts African Market The African crypto and blockchain industry is expected to experience renewed optimism in 2024, with Nigeria leading the…

Angolan National Assembly Endorses Cryptocurrency Legislation to Protect Economic Autonomy

Benito CormiDec 22, 20232 min read

The Approval of Legislation to Address Crypto Mining and Safeguard Monetary Sovereignty The Angolan National Assembly has approved a significant law that focuses on cryptocurrency mining…

Establishment of a Taskforce by Ghana’s Securities Regulator to Enhance Oversight of Cryptocurrency Assets

Benito CormiDec 20, 20233 min read

Gaining Confidence among Crypto Asset Owners The Ghanaian Securities and Exchange Commission (SEC) has established a task force to enhance its ability to regulate and oversee…

Suspension of Deposits by Nigerian Crypto Exchange Deemed as ‘Standard Precautionary Measure’ in the Industry

Benito CormiDec 19, 20232 min read

Securing User Funds The Nigerian crypto exchange platform, Bitmama, has temporarily suspended deposits due to ongoing maintenance by a third-party. However, Bitmama clarified that this decision…

Resumption of Kenyan Operations by Worldcoin Expected in Early 2024, According to Recent Report

Benito CormiDec 18, 20232 min read

Worldcoin Reaches Agreement with Kenyan Authorities Worldcoin, the iris biometric crypto project, has reportedly reached an agreement with Kenyan authorities that allows it to resume operations…

Coming Soon: South African Financial Institutions Set to Provide Cryptocurrency Services, Reveals Report

Benito CormiDec 13, 20232 min read

Regulated Financial Institutions Seeking Crypto Licenses in South Africa According to Tarris Arnold, a business development manager at crypto exchange Luno, most of the entities applying…

New Study Reveals 47% of Nigerians Participating in Cryptocurrency Activities

Benito CormiDec 10, 20232 min read

High Crypto Adoption in Nigeria A recent study reveals that almost half of Nigerians, about 47%, are actively involved in cryptocurrency trading, indicating a significant shift…

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