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An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by 15 central banks, is reportedly piloting a currency platform to enable countries to settle trades … Read more
One of the alleged co-masterminds of the South African bitcoin Ponzi scheme MTI has been detained for failing to provide a satisfactory explanation for the disappearance of bitcoins from his account. Marks’ Answers Unsatisfactory Clynton Marks, one of the alleged masterminds of the South African bitcoin Ponzi scheme Mirror Trading International (MTI), has been detained. … Read more
Binance has been identified as the top cryptocurrency exchange for Nigerians due to its strong peer-to-peer (P2P) marketplace, which facilitates trading using local payment methods. Binance Stands out Despite Ongoing Dispute With Nigerian Officials Binance has been ranked the number one cryptocurrency exchange for Nigerians primarily because of its robust peer-to-peer (P2P) marketplace, which allows … Read more
Rwanda has taken a significant step towards regulating digital asset transactions by unveiling a draft law governing virtual assets. Addressing FATF Concerns Rwandan regulators recently unveiled a draft law regulating virtual assets in the African country. The release of the draft, which identifies the Capital Markets Authority (CMA) as the regulatory authority overseeing the virtual … Read more
Binance’s battle with the Nigerian government has taken a new turn, as users in the West African country are now blocked from participating in airdrop campaigns. Users Told Service No Longer Available Weeks after Binance’s battle with the Nigerian government reignited, users of the cryptocurrency exchange in the West African country are reportedly being blocked … Read more
Ghana’s gold-for-oil barter scheme has been halted by the central bank, according to Bank of Ghana Governor Johnson Asiama. Stabilizing Foreign Exchange Markets The Ghanaian central bank has suspended a barter trade scheme in which it swapped gold for oil, according to a report. Johnson Asiama, the governor of the Bank of Ghana (BOG), stated … Read more
The International Monetary Fund recently concluded that Namibia should not issue a retail central bank digital currency at this time. Namibia Lacks Resources to Pursue CBDC The International Monetary Fund (IMF) mission to Namibia recently concluded that there are no compelling reasons for the Southern African nation to issue a retail central bank digital currency … Read more
Morocco has launched an investigation into residents suspected of using cryptocurrencies to buy properties abroad without approval. Global Exchanges Fingered The Moroccan Foreign Exchange Office has reportedly launched an investigation into residents suspected of buying properties abroad using cryptocurrencies. Officials are also interested in understanding the role of global real estate companies that employ Moroccan … Read more
Tether CEO Paolo Ardoino explained that the concept involves the installation of solar-powered kiosks in Africa to recharge batteries, with payments made through a monthly subscription in bitcoin, USDT, or local currency. Tether Plans to Enter the Retail Battery Charging Business in Africa Tether, the multi-billion-dollar stablecoin company, has revealed a new business model that … Read more
Coinbase has partnered with Onboard Global to offer Nigerian users secure and efficient cryptocurrency trading. Shielding Coinbase from Regulatory Risk Coinbase and Onboard Global have partnered to provide secure and efficient cryptocurrency trading for Nigerian users. The collaboration enables the purchase of cryptocurrency with local currency through a peer-to-peer (P2P) exchange, with streamlined verification and … Read more
