
Egypt arrests 29 allegedly involved in $620K HoggPool digital asset scam
While digital assets are illegal in Egypt, HoggPool managed to lure investors since its launch in August before the founders vanished with the funds in February.
While digital assets are illegal in Egypt, HoggPool managed to lure investors since its launch in August before the founders vanished with the funds in February.
Sango Coin’s tech team announced that it’s working to restore deposits even as the Central African Republic’s digital currency venture continues to receive widespread criticism.
Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43, the economy is grinding to a halt.
The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory sandbox, with Ghana’s central bank announcing a similar project.
South Africa’s ads watchdog worked with industry stakeholders to develop the new clause which requires VASPs to tell users they could lose all their money.
Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based CBDC amid slow eNaira uptake.
Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia delved into CBDCs and more.
The bill recognizes digital assets and gives the apex bank and SEC jurisdiction over the sector, months after CBN banned VASPs from accessing banking services.
Africa has lagged behind other regions in the development of legacy systems, but with its rapid blockchain adoption, it can leapfrog its peers, Kashifu Inuwa says.
IMF says Africa stands at great risk if it fails to rein in its Bitcoin industry—the fastest growing globally—especially for countries making BTC legal tender.
Thirteen central banks met in Kenya recently to discuss the impact of CBDCs on cross-border payments while still ensuring AML and CFT standards are adhered to.
E-Livestock Global is offering a blockchain solution for such customers that makes use of an RFID system to trace cows’ histories, enabling buyers to learn about a cow’s health records, among others.