The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory sandbox, with Ghana’s central bank announcing a similar project.
Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based CBDC amid slow eNaira uptake.
Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia delved into CBDCs and more.
The bill recognizes digital assets and gives the apex bank and SEC jurisdiction over the sector, months after CBN banned VASPs from accessing banking services.
Africa has lagged behind other regions in the development of legacy systems, but with its rapid blockchain adoption, it can leapfrog its peers, Kashifu Inuwa says.
The securities regulator says it will not include ‘crypto’ in its regulatory framework until it’s better regulated, despite Nigeria being one of the world’s biggest digital currency hubs.
IMF says Africa stands at great risk if it fails to rein in its Bitcoin industry—the fastest growing globally—especially for countries making BTC legal tender.
Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks see CBDCs as a great tool for monetary policy.
In his presentation, Ahmed Yousif talked about the role of blockchain in government and smart cities, calling on young Nigerians to build their own on the blockchain.
The Centbee co-founder talked about how BSV’s instant transactions and low fees allow any African to easily send money across the world at Digital Nigeria.
From Jimmy Nguyen to Lorien Gamaroff and Ahmed Youssif, BSV blockchain was well represented at the Digital Nigeria event, and the message was clear—it’s time for Africa.