Morocco is scrapping its ban on digital currency as adoption soars
Morocco banned digital assets back in 2017, but the locals have continued to explore Bitcoin, and today, only Nigeria, South Africa, and Kenya have more owners.
Latest Nigeria News
BSV Blockchain Association partners with Domineum Blockchain to host Developers Summit in Nigeria
The summit, taking place at Baze University in Abuja, Nigeria, will feature 23 speakers showcasing the cutting-edge technology of the enterprise scaling blockchain with demos on how the technology’s innovation potential is released across various industries.
Domineum’s Blockchain Developers Summit targets blockchain solutions for Africa
The summit will be held on July 21-22 in Nigeria’s capital Abuja with speakers including Centbee’s Lorien Gamaroff and NITDA Director Kashifu Abdullahi.
Nigeria’s eNaira now available via USSD to boost adoption and financial inclusion
The central bank believes that making the eNaira available to feature phone users will boost uptake, although some are skeptical about security and privacy.
Nigerian Exchange to integrate blockchain by 2023
The bourse says that the Nigerian public has a high interest in blockchain, and the integration is due to demand at a time when its securities regulator has issued new regulations.
Nigeria SEC publishes digital asset regulations amid central bank crackdown
The securities regulator has issued policies for ICO issuers, digital asset exchanges, custodians, VASPs, and when assets qualify as securities, but the central bank is still hostile.
Nigeria upgrades eNaira to widen payments scope
The Central Bank of Nigeria said the upgrade makes onboarding easier, makes the wallet faster, and allows users to create a much wider range of payments.
PwC: More than 80% of central banks have considered launching CBDC
The PwC Global CBDC Index placed Nigeria and the Bahamas at the top of the retail CBDC developments, with Thailand and Hong Kong leading the wholesale sector.
IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering
The IMF says that eNaira could raise financial inclusion to meet the ambitious target of 95%, but says Nigeria must be vigilant as it poses several risks.
Kenya explores CBDC, calls for public feedback
The Central Bank of Kenya published a discussion paper on central bank digital currency, noting that a CBDC-powered cross-border remittance is one of the key areas it’s exploring.
Zambia exploring CBDC, but warns against digital currencies: report
The Zambian central bank has been conducting research on a central bank digital currency, an executive told Bloomberg, weeks after it issued a warning against digital currencies.
2021 year in review: Bitcoin comes of age in Africa
2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there was the bad as well, like a $3.8B scam.