Akon is pushing for positive change through digital currencies via his Akoin project, and as he told CoinGeek Backstage, he believes Africa is in a prime position for advancement through adopting digital currencies.
The International Monetary Fund says the move raises major legal and economic policy challenges, even as experts, political and economic leaders question the country’s ability to implement BTC payments.
The central bank said that digital currencies aren’t regulated, and it hasn’t licensed any firm to offer related services while reminding the public of Bitcoin’s risks.
The CAR passed a law that allows citizens to make payments in BTC, but the central bank has revealed it was caught unaware even as IMF issued a warning.
The Ministry of Finance pushed the bill which parliament passed despite a spirited fight by opposition which says digital assets facilitate money laundering.
The central bank governor believes it may be wise to delay the possible rollout of a digital shilling as those without smartphones will be locked out.
In this article, author Dr. Craig Wright highlights the current crisis of the Republic of Mozambique after it gained political independence from Portugal on June 25, 1975.
Mohammed Ibrahim Jega is championing technology adoption in Africa, and in an interview with CoinGeek Backstage, he talked about how BSV blockchain is making a difference in Nigeria and beyond.
The BSV blockchain’s association has appointed Mohammed Ibrahim Jega and Geoffrey Weli-Wosu as BSV Ambassadors for West and East Africa.
The IMF says that eNaira could raise financial inclusion to meet the ambitious target of 95%, but says Nigeria must be vigilant as it poses several risks.
The Central Bank of Kenya published a discussion paper on central bank digital currency, noting that a CBDC-powered cross-border remittance is one of the key areas it’s exploring.
The Zambian central bank has been conducting research on a central bank digital currency, an executive told Bloomberg, weeks after it issued a warning against digital currencies.
