Nigeria leads the world in digital asset awareness at 99%: report
The report says 67% of internet users want to own their data, and 4 in 5 want control over their online identity, with Nigeria, South Africa, and Brazil leading in awareness.
The report says 67% of internet users want to own their data, and 4 in 5 want control over their online identity, with Nigeria, South Africa, and Brazil leading in awareness.
South African national Steynberg was charged with the offense of operating a multi-level marketing scheme, which stole over 29,421 BTC from thousands of investors.
A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io hitting the unicorn valuation.
Roqqu, with 1.4 million users, will allow users to withdraw and deposit South African rand, tapping into one of Africa’s largest digital currency markets.
FATF says Africa’s two largest economies must do better to fight money laundering, with both countries decrying the listing as they’ve made “substantial efforts.”
The FAIS Ombud will consider and resolve complaints relating to digital assets, but only if they happened after October 19, when Bitcoin was legally recognized.
South Africa’s ads watchdog worked with industry stakeholders to develop the new clause which requires VASPs to tell users they could lose all their money.
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.
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.
The Financial Sector Conduct Authority now classifies digital assets as digital representations of value built on DLT, the first step towards bringing digital currencies under the country’s laws.
The Travel Rule has focused on banks, but a recent amendment has broadened it to include VASPs, and as Centbee revealed, it preempted the rule months ago.