Worldcoin cryptocurrency project suspended in Kenya
Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data. Go to Source Powered by WPeMatico
Africa
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Blockchain technology lets East African farmers sell globally
Blockchains’ tracing capacities can help certify that crops weren’t grown by razing woodlands or harvested with child labor. Go to Source Powered by WPeMatico
Nigerian central bank adds NFC upgrade to eNaira for contactless payments
The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC. Go to Source Powered by WPeMatico
Nigeria regulator halts Binance operations: Report
According to Nigeria’s securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal. Go to Source Powered by WPeMatico
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
Central African Republic gets IMF optimism a year into Bitcoin adoption
The International Monetary Fund projects 2.2% GDP growth and manageable debt but warns of liquidity risks. Go to Source Powered by WPeMatico
South African Minister Tells BRICS Nations Not to Rush Decision on Common Currency
The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency. Pandor said her country will “not shy away from discussions” that relate to her country’s national … Read more
IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability
The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency. Instead of using gold-backed digital currency to limit the demand for the greenback, the global lender said monetary authorities should consider liberalizing the foreign exchange market. Risks to Macroeconomic and Financial Stability The International Monetary … Read more
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
Nigeria-China Currency Swap: Activist Lawyer Accuses IMF and World Bank of ‘Economic Sabotage’ to Promote US Dollar, Urges Nigeria to Join BRICS
Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping to perpetuate “the dominance of the United States dollar in Nigeria.” … Read more
