Namibia signs crypto exchange regulation bill into law
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance. Go to Source Powered by WPeMatico
Kenya
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CBDC ‘may not be a compelling priority,’ says Kenya’s central bank
The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022. Go to Source Powered by WPeMatico
Kenya partners with Abu Dhabi’s Venom Foundation to build blockchain, Web3 hub
The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa. Go to Source Powered by WPeMatico
Kenya considers tax on crypto, NFT transfers and online influencers
A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online. Go to Source Powered by WPeMatico
African blockchain ventures outpace global funding growth: Report
Africa witnessed a 429% YoY increase in venture funding in 2022, with the majority of funding coming from Seychelles and South Africa. Go to Source Powered by WPeMatico
Web3 economy to gain more traction in Africa through DeFi-based financial inclusion
DeFi-based financial inclusion serves as a method to increase liquidity and earning opportunities for African micro-entrepreneurs through Fonbank’s partnership with Tanda. Go to Source Powered by WPeMatico
Strike partners with Bitnob to facilitate cross-border payments into Africa
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin. Go to Source Powered by WPeMatico
Kenyan legislation establishes crypto taxation, creates consumer protections
The country’s first effort at crypto regulation amends the country’s Capital Markets Law to define crypto as a security and establish reporting, tax and other requirements. Go to Source Powered by WPeMatico
Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining
A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower to Africa. Using Wasted Energy to Mine Bitcoin Gridless, a … Read more
Bitcoin in Zimbabwe: Importing cars and sending money to family
A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic. Go to Source Powered by WPeMatico
