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Africa

Rwanda weighing pseudo-anonymous CBDC to underpin cashless economy
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14 May, 2024

Rwanda weighing pseudo-anonymous CBDC to underpin cashless economy

The National Bank of Rwanda published a paper examining the benefits, risks, and design principles of a token-based digital franc...
P2P digital currency ban looming in Nigeria as central bank halts fintech account opening
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8 May, 2024

P2P digital currency ban looming in Nigeria as central bank halts fintech account opening

Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as...
Nigeria’s blockchain industry banks on new digital currency friendly SEC chief
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1 May, 2024

Nigeria’s blockchain industry banks on new digital currency friendly SEC chief

President Bola Tinubu appointed former capital markets tsar Emomotimi Agama as the SEC head at a time when the Nigerian...
Mauritania commissions Germany’s G+D to design CBDC
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29 April, 2024

Mauritania commissions Germany’s G+D to design CBDC

The prospective CBDC, called the digital ouguiya, will “advance the digital transformation” and boost financial inclusion in Mauritania, the central...
Nigeria’s central bank denies directive to freeze digital asset bank accounts
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27 April, 2024

Nigeria’s central bank denies directive to freeze digital asset bank accounts

After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid...
South Africa issues digital currency licenses to Luno, VALR
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20 April, 2024

South Africa issues digital currency licenses to Luno, VALR

The Financial Sector Conduct Authority announced in 2023 that all VASPs had to obtain a license or shut down by...
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