Recap
Clear regulations and licensing structures in African markets, especially in South Africa, are driving crypto adoption, solving some of the legacy financial challenges.
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Africa News
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.
- Analysis
As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and the informal sector.
2587 - Markets News
Stablecoin use in emerging markets soars despite the absence of crypto-friendly regulations and basic banking infrastructure. Will the US catch up to this trend?
2225 - News
Stablecoin giant Tether has agreed to help the Republic of Guinea explore the possibility of using blockchain and set up education programs on the technology.
2613 - Opinion
Africa’s unique challenges and vast potential drive crypto innovation, potentially catalyzing global adoption and refining blockchain technology for everyday use.
1781 - News
The Hashgraph Association has partnered with Taurus to advance secure custody, staking and tokenizing Hedera’s HBAR cryptocurrency globally.
7846 - Opinion
Crypto investment should more closely follow adoption patterns in emerging markets.
1822 - News
Botswana’s central bank acknowledges minimal crypto risks but highlights money laundering and regulatory concerns as key priorities.
2911 - News
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products.
3601 - News
The union’s adoption was facilitated by a “get off zero” donation and partnership with Proof of Workforce.
2759 - Recap
Africa faces unique financial challenges, including limited access to traditional banking. Crypto and platforms like VALR offer a pathway to financial inclusion.
18940 - News
The semi-autonomous region of Tanzania is taking advantage of a sandbox regulatory framework adopted in July.
4015 - Podcast
Rapid and efficient humanitarian aid distribution is enhanced through the use of blockchain technology. Mercy Corps CIO Scott Onder explains how.
8646 - News
The tiny kingdom, formerly known as Swaziland, is looking at better domestic accessibility and cross-border trade with a proposed CBDC.
3747 - News
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption.
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