Cryptocurrency continues to make progress in Kenya, Uganda and South Africa, despite government reluctancy to support the new technology.
A lot has happened in the cryptocurrency space in Africa. The continent continues to progress from key players in the industry. Despite challenges, the crypto market in Africa has shown great prospects.
A recent survey conducted by Hootsuite and Wearesocial indicates that South Africa leads the world in cryptocurrency adoption.
Recent reports by Paxful show that Africa is quickly catching up on blockchain and cryptocurrency matters.
Africa is taking massive steps to ensure it becomes a blockchain and crypto hub in the coming future. Some countries are even thinking of making cryptocurrencies a legal tender.
Interest in Bitcoin is increasing in South Africa and Uganda, and banks all over the continent are fighting against the rush to cryptocurrencies.
The South African Reserve Bank has issued a consultation paper that gave a detailed assessment of the benefits and risks of cryptocurrencies.
The year has been quite active for the crypto community in Africa. More start-ups continue to emerge, and politicians are taking up these new technologies.
The South African Cricket Board twitter account suffered an attack earlier this week. According to reports, unknown persons hacked the account to run a bitcoin-related scam.
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.