Can blockchain make a difference? Africa sees vast monetary potential
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems. Go to Source Powered by WPeMatico
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Etherisc to offer blockchain-based crop insurance to Kenyan farmers
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change. Go to Source Powered by WPeMatico
Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City
The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as a pilot for Akon City, the $6 billion futuristic city that is being built in Senegal. Akoin Crypto Starts Trading … Read more
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
Weather-tracking blockchain in West Africa, but transparency on a raincheck
A blockchain-based project aims to collect weather data generated in West Africa. Will the region be open to data sharing? Go to Source Powered by WPeMatico
Nigeria hopes blockchain will generate $10B revenue by 2030
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general. Go to Source Powered by WPeMatico
Binance launches African affiliate program after Uganda subsidiary closes
The world’s largest crypto exchange announced two subsidiary suspensions within one month. Go to Source Powered by WPeMatico
Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week
A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards. Go to Source Powered by WPeMatico
Exploring the landscape of crypto regulations in sub-Saharan Africa
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry. Go to Source Powered by WPeMatico
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital marketplaces.” However, with oblique definitions on such key terms, … Read more
