Despite thriving for years now, Nigeria’s digital currency industry faces its biggest threat yet following a central bank ban that has denied it basic banking services.
A new report by Luno and Arcane Research has delved into the African digital currency market, acknowledging the opportunities and analyzing the challenges.
Africa’s digital currency exchanges have continued to register constantly high trading volume despite the COVID-19 pandemic, with some even increasing users
Africa’s cryptocurrency industry has continued to grow as more people wake up to the massive opportunity that Bitcoin offers.
The move affects the largest crypto exchanges in South Africa, with the banks citing regulatory ambiguity.
South African cryptocurrency exchange and wallet Luno has registered stellar growth, hitting 3 million wallets.
A blockchain initiative has launched in Ghana to develop new talent, and Luno is upgrading its platform.