Crypto in Africa: Kenya’s new platform and South Africa new crypto laws
Recent reports by Paxful show that Africa is quickly catching up on blockchain and cryptocurrency matters.
Recent reports by Paxful show that Africa is quickly catching up on blockchain and cryptocurrency matters.
According to a recent prediction, Kenya will soon be a leader in the cryptocurrency market around the East African region.
The Capital Markets Authority of Kenya warned the public against Wiseman Talent Venture’s ICO, noting the company is unregulated.
The year started with great promise for the cryptocurrency in Africa, and gains were made in South Africa, Nigeria, Kenya, Ghana, Zimbabwe, and Uganda.
Africa has experienced significant growth of cryptocurrency-related activities, and more countries are opening up their doors to crypto innovations and investments.
The Africa blockchain ecosystem continues to grow in the last days, with some areas finding new ways to apply blockchain technologies, while others are looking for ways to regulate the ecosystem.
Paxful, a peer-to-peer marketplace, is reportedly looking at the cryptocurrency market's growth potential in East Africa.
Kenya may likely be moving towards tokenizing its economy to solve the alarming rate of corruption and unemployment in the country, following suggestions made by Bitange Ndemo, chairman of Kenya's Distributed Ledgers and Artificial Intelligence task force.
Binance has decided to tap into the vast cryptocurrency potential in Africa. In a statement, the company said it is looking to make investments in Africa and is calling on its supporters to help them connect with crypto- and blockchain projects in the continent with "excellent founders."
TMX Global Coin was reportedly developed in 2017 as a decentralized platform that utilizes smart contracts to eliminate problems associated with both domestic and international import and export business.
Despite the rejection, criticism and slow adoption of blockchain and its technology they are still making major changes in Africa.
The Kenyan Independent Elections and Boundaries Commission (IEBC) is turning to blockchain for a better election experience.