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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South Africa News
South Africa has the second largest economy in Africa, with large agricultural and tourism sectors. It also has a high poverty rate and is one of the top 10 countries for income inequality. The South African population is widely diverse and South African news indicates there are numerous racial, cultural and ethnic conflicts. Still, South Africa is considered, potentially, to be one of the most developed African countries in terms of their economy, infrastructure and investment strategies. South Africa haven’t provided any legal status or regulatory framework concerning cryptocurrencies until 2018, when the South African Revenue Service released a statement, saying cryptocurrency would be a taxable object. The South African Reserve Bank is working with blockchain-based solutions provider Bankymoon to test new cryptocurrency regulations.
- News
Bitcoin is fundamentally different from other digital assets, Altvest Capital CEO Warren Wheatley said, highlighting the company’s exclusive focus on BTC.
9603 - Opinion
Africa’s unique challenges and vast potential drive crypto innovation, potentially catalyzing global adoption and refining blockchain technology for everyday use.
1781 - How to
Buying Bitcoin in South Africa involves choosing a reputable exchange, verifying your identity, depositing funds, placing an order and securing your Bitcoin in a personal wallet.
1396 - News
Botswana’s central bank acknowledges minimal crypto risks but highlights money laundering and regulatory concerns as key priorities.
2911 - Explained
BRICS Pay seeks to lessen reliance on the US dollar, reducing sanctions risks and fostering a sovereign financial system for transactions.
- Interview
Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.
5683 - 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.
2166 - News
South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR.
14289 - Opinion
New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.
2476 - News
As stakeholder consultations proceed, the feedback gathered will be instrumental in shaping a robust and effective AI policy.
2135 - News
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth in the continent.
2882 - News
AgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of onchain settlements.
4168 - News
The South African Reserve Bank has declared goals for 2025 that it needs to pick up speed on.
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