Kenyan crypto firms on notice as digital tax law takes effect
Crypto transactions in Kenya now attract a 1.5% tax. Go to Source Powered by WPeMatico
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Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables Africans at home and abroad … Read more
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Go to Source Powered by WPeMatico
Akoin rolls out to Kenyan tech city in first step towards Akon City
The launch coincides with an AKN token listing on Bittrex cryptocurrency exchange. Go to Source Powered by WPeMatico
UN drugs and crime wing advises Kenya to use blockchain against corruption
Blockchain can reportedly return billions of dollars back to Kenya’s budget. Go to Source Powered by WPeMatico
Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos
The Governor of the Central Bank of Kenya told reporters the institution is “already feeling left out.” Go to Source Powered by WPeMatico
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent onchain in the last year. The total … Read more
Small value crypto transfers in Africa have increased by 55%
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year. Go to Source Powered by WPeMatico
Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa
Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent to buy and sell digital assets. Investors in the new round include Polychain, venture capital firm Andreessen Horowitz, and Celo, … Read more
India Leads P2P Volume Records Among Emerging Markets
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020. Go to Source Powered by WPeMatico
