Africa’s profile as a significant player in the digital currency industry has continued to grow in recent years, Steve Kaaru writes.
Nigeria could be on its way to becoming the first African country with a comprehensive regulatory framework for the digital currency and blockchain industry.
The roadmap breaks down how blockchain has changed the trust paradigm, its adoption in Nigeria so far, how the government intends on applying it and how it integrates with other emerging technologies.
The Nigerian Securities and Exchange Commission says it will regulate digital tokens and currencies if they qualify as securities transactions.
By expanding to the three countries, BuyBSV has now given over 400 million people an easy way to access Bitcoin.
As the Bitcoin SV blockchain expands so does the need for easy accessibility and as a result you can now buy Bitcoin SV (BSV) on BuyBSV.com with VISA or MasterCard in: Russia, South Africa and Nigeria.
Sub-Saharan Africa has taken to digital currencies, with P2P platforms in Kenya, Nigeria, South Africa and Ghana posting triple-digit growth in 3 months.
A new report by Luno and Arcane Research has delved into the African digital currency market, acknowledging the opportunities and analyzing the challenges.
Wicrypt, which enables users to share their WiFi and earn in crypto, emerged third in a startup competition by the telecoms regulator, attracting investment.
Africa has emerged as a crucial front for crypto and blockchain development, from leading in info gathering to pushing the CBDC quest to crypto in stock market.
Cryptocurrency continues to be widely popular in Nigeria despite the lack of proper regulations and constant calls by the central bank for citizens to shun cryptos.