Africa Financial News

05.05 / 01:45

regulation transactions Africa Taxes Money Transfers remittances Kenya considers tax on crypto, NFT transfers and online influencers

Kenya's lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible tokens (NFTs) transfers and a 15% tax on monetized online content, according to a newly introduced bill.

01.05 / 11:09

regulation SEC Tokens Africa Bitcoin NOT Tokens but not crypto: Nigeria SEC prepares new digital asset rules

Nigeria, one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC), is preparing new industry regulations for digital asset platforms.

23.04 / 18:05

business Digital Currency Africa Backed Zimbabwe's central bank to issue gold-backed digital currency: Report

The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as a legal tender in the country. The move is a government initiative to stabilize the local currency from its depreciation against the United States dollar.

13.04 / 11:25

business defi Decentralized Exchange Africa Decentralization inclusion Financial Web3 economy to gain more traction in Africa through DeFi-based financial inclusion

The existence of the Web3 economy in Africa began with cryptocurrency. Using blockchain technology in Africa came with a lot of transformation in terms of transparency and control over finances. The Web3 economy in Africa is still gaining more traction with a DeFi-based financial inclusion.

12.04 / 12:51

Africa Lightning Network lightning play-to-earn Bitcoin Bitcoin gaming enters Africa with local crypto exchange partnership

Gamers in Africa can now send and receive small amounts of Bitcoin (BTC) while playing classic titles like Counter-Strike.

29.03 / 12:25

Blockchain regulation Africa P2P Networks P2P Nigerian crypto investors question central bank's decision to flag p2p users

Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN's decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack.

29.03 / 12:25

Adoption Banks Africa DApp community Podcast Bitcoin Africa: The next hub for Bitcoin, crypto adoption and venture capital?

The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases.

27.03 / 21:25

BLOCK Africa Bitcoin Financial Bitcoin is Set to Disrupt Africa's $85 Billion Financial System – Here's What You Need to Know

Bitcoin (BTC) is on its way to become the currency of choice for moving money between African countries, a new CNBC report has revealed.

26.03 / 17:11

Africa Crypto Exchange From Dorm Room to $1.75 Billion: 26-Year-Old's Crypto Exchange Takes Africa by Storm

Cryptocurrency exchange Yellow Card has grown to be the largest centralized exchange in Africa since its launch in 2019, with $1.75 billion in transactions facilitated so far.

23.03 / 15:39

Blockchain Ethereum Adoption Metaverse Africa How blockchain can help reimagine a new state in Africa

On episode 12 of Cointelegraph’s Hashing It Out podcast, Eche Emole, co-founder of Afropolitan, explains what it means to build a country on the blockchain.

16.03 / 17:03

business defi Africa U.S. Developed markets lagging behind in digital payments: BlackRock CEO

The CEO of American investment company BlackRock, Larry Fink, highlighted the potential of digital assets and tokenization for the asset management industry in his annual chairman’s letter to the company.

09.03 / 16:49

Blockchain Adoption wallet Web3 Africa Web 2.0 Self-Custody Wallet Web3 platform partners with self-custody wallet to broaden crypto adoption in Africa

Cassava Network, an African Web3 platform focused on NFTs, gaming and loyalty rewards, has launched the third version of its platform, featuring an integration with non-custodial smart contract wallet Unipass to lets users use email addresses instead of seed phrase and gas.

08.03 / 22:25

Africa Lightning Network lightning YouTube Bitcoin CFA Why Senegal rejects the CFA and is warming to Bitcoin: video

Cointelegraph goes to Senegal, West Africa. The medium-sized African nation recently hosted a Bitcoin conference (BTC) and more and more merchants and customers are joining the Lightning Network.

03.03 / 19:59

Blockchain Ethereum Charity Africa Lightning Network Bitcoin network SkyBridge Today in Crypto: Xapo Bank Partners with Lightspark & Integrates Lightning Network, Ethereum Shanghai Fork Pushed Back, Casper Labs’ Long-term Partnership with SkyBridge & Al Maskari Holding

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________

22.02 / 20:59

Twitter Adoption Africa Lightning Network Bitcoin network bitcoin lightning Bitcoin Lightning Network growth is organic, coming from real-world adoption

Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC.

21.02 / 16:23

CBDC Adoption regulation Africa Central Bank enaira eNaira is 'crippled': Nigeria in talks with NY-based company for revamp

The Central Bank of Nigeria (CBN) continues with its attempts to create its central bank digital currency (CBDC), the eNaira, but this time it’s calling in for backup.

20.02 / 14:23

cryptocurrency Adoption regulation Africa Zambia Experiments with Technology to Regulate Cryptocurrency – Here's What You Need to Know

The Ministry of Technology and Science has announced that it is testing technology to regulate crypto as Zambia embarks on its mission to become a regional hub.

20.02 / 00:53

Government Adoption regulation Africa Zambia tests technology for crypto regulation, says minister Mutati

Bank of Zambia and the country's securities regulator are "testing technology" to enable the regulation of cryptocurrencies, said Technology and Science minister Felix Mutati on the ministry's website. The country's move aims to "achieve an inclusive digital economy."

31.01 / 02:29

Adoption Mining Environment Funding Africa Bitcoin National park How Bitcoin mining saved Africa's oldest national park from bankruptcy

Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park.

30.01 / 09:05

Adoption Africa Central Bank Bitcoin Premium Withdrawals Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.

25.01 / 13:47

Adoption Africa renewable energy Bitcoin Bitcoin mining brings more than money to this East African country

A Bitcoin (BTC) mining project that taps into clean, stranded and excess hydro energy in Malawi has picked up steam. The company behind the project, Gridless, shared that there are now “1600 families connected to this remote hydro mini-grid in the mountains of southern Malawi.”

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