
South Africa gov’t creates a working group to probe crypto activities
The South African government has established a crypto assets regulatory working group to investigate cryptocurrencies and blockchain concepts.
The South African government has established a crypto assets regulatory working group to investigate cryptocurrencies and blockchain concepts.
The year started with great promise for the cryptocurrency in Africa, and gains were made in South Africa, Nigeria, Kenya, Ghana, Zimbabwe, and Uganda.
The African crypto space is still strong, with Bittrex and VALR partnering on a new exchange, and Veritaseum expanding their offers.
The National Treasury and The Reserve Bank of South Africa have published a consultation document on overhauling national payment systems, in a move that could pave the way for greater integration of cryptocurrencies in the national economy.
With this new technology spreading to the core of Africa, some are using it to spread joy while others use it to feed their criminal appetites.
It’s an interesting week for the cryptocurrency space in Africa this week. The continent has seen more governments profess their support for cryptos publicly, while others are planning to create a regulatory framework for the market.
Africa has experienced significant growth of cryptocurrency-related activities, and more countries are opening up their doors to crypto innovations and investments.
Blockchain and cryptocurrency adoption in Africa is steadily increasing with new countries in the continent getting onboard.
When it comes to cryptocurrency, Africa is quickly catching up. One particular cryptocurrency market gaining so much interest is that of South Africa.
The Kenyan Independent Elections and Boundaries Commission (IEBC) is turning to blockchain for a better election experience.
The blooming cryptocurrency industry in Africa continues to operate in legal gray areas as it progresses upwards. While other countries worldwide give cryptos attention with intention of regulating them, their African counterparts remain reluctant to make any substantial moves.
African countries are not just taking blockchain technology by the horn, they’re also tightly holding on to it. In the last few months, some countries in the region are finally realizing the great potential of cryptocurrency and its underlying technology.