Africa

Kenya is losing millions of dollars to digital currency fraudsters: report
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2 August, 2023

Kenya is losing millions of dollars to digital currency fraudsters: report

While the government focuses on taxing digital asset traders, investors lose millions of dollars to digital currency Ponzi schemes executed...
Namibia unveils new legal framework for digital asset providers
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31 July, 2023

Namibia unveils new legal framework for digital asset providers

Namibia has enacted the Namibia Virtual Assets Act 2023 to regulate virtual asset service providers (VASPs), indicating a shift from...
Uganda seeks to regulate digital assets in new bill
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24 July, 2023

Uganda seeks to regulate digital assets in new bill

The bill wants to expand the jurisdiction of the capital markets regulator to include digital assets and tokens in the...
Only 18% of Africans have owned digital assets: report
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24 July, 2023

Only 18% of Africans have owned digital assets: report

The report also revealed that high-earning millennials are the most digital currency-savvy and that poorer countries like Namibia lead digital...
Nigeria ends 3-year ban on naira payments for remittances
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20 July, 2023

Nigeria ends 3-year ban on naira payments for remittances

Nigeria has now lifted a ban that it placed in 2020 allowing remittance payments only in the USD—experts say the...
Africa’s largest bank wary of digital assets, wants to be a ‘fast follower’
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19 July, 2023

Africa’s largest bank wary of digital assets, wants to be a ‘fast follower’

Standard Bank CEO Lungisa Fuzile says that the bank is approaching digital assets cautiously in fear of an implosion, but...
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