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.
Latest Africa News
Central African Republic’s Sango Coin hit with deposit issues
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’s economy grinding to a halt due to cash shortage—is time for Bitcoin?
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.
Nigeria’s central bank launches fintech regulatory sandbox
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 to stamp out unethical digital asset ads with new advertising rules
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 to explore ICOs and stablecoins to broaden payments landscape
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.
Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review
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.
Nigeria to legalize digital assets with new bill
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 ready to use blockchain to leapfrog other regions: NITDA’s Kashifu Inuwa on CoinGeek Backstage
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.
Africa must regulate the digital asset industry, IMF 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.
African central banks discuss CBDCs for cross-border payment
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.
Chris Light: Introducing RFIDs for cows. Ear-tagging MOOve over!
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.