Crypto transactions in Kenya now attract a 1.5% tax.
Africa is the second largest continent in the world in terms of both territory and population. There are 55 states located on the continent. Economies in Africa differs from country to country. In Africa, cryptocurrency tends to be sold with a large trade margin which can even reach 100% due to several reasons. Firstly, Bitcoin in Africa is very difficult to mine because of the climate and lack of infrastructure. Also, cryptocurrency is in big demand in Africa as national currencies are vulnerable to hyperinflation. Besides that, since there are only a small number of virtual currency retailers they are able to set high prices. The relative financial stability of digital money and the opportunities for profit make cryptocurrencies very popular in Africa.
Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa.8567
Some of the world’s biggest freelancing sites have inadvertently cut out talented professionals from developing economies — but a crypto-powered platform is changing that.5390
The CEO of Cardano developers IOHK sees a promising path towards DeFi adoption throughout the world's second-most populous continent11439
A crypto payments network now allows mobile airtime and data to be purchased in 163 countries, with top-ups for electricity meters offered in five African nations.6626
Stablecoins and continentwide regulations are key to breaking down barriers to Africa's economic growth.4125
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong17414
Africa’s largest economy has become a bastion for crypto adoption.10772
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.11663
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change.7094
The launch coincides with an AKN token listing on the Bittrex cryptocurrency exchange.7887
A blockchain-based project aims to collect weather data generated in West Africa. Will the region be open to data sharing?10595
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general.8285
The world’s largest crypto exchange announced two subsidiary suspensions within one month.11581
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards.10023