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Taxes have been a hot topic in the cryptocurrency world this year. Many countries have been trying to figure out how to tax crypto assets, while traders have been figuring out how to lever them to write off losses. As bitcoin and other cryptocurrencies enter the mainstream, tax reduction strategies are starting to emerge. Also … Read more
KfW, Germany’s third largest bank by total assets, will trial its blockchain app in Burkina Faso to track credit funds provided to the country Go to Source Powered by WPeMatico
IBM Research teams up with U.S.-based agritech firm Hello Tractor to boost the African agriculture industry with blockchain and AI Go to Source Powered by WPeMatico
Nigeria’s Union Bank reportedly warns that crypto transactions could lead to the closure of bank accounts in the country, as crypto “is not a legal tender in Nigeria” Go to Source Powered by WPeMatico
Japanese insurance company Sompo has partnered with stalwart pan-African crypto-enabled remittance platform BitPesa Go to Source Powered by WPeMatico
Paxful Inc., a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U.S.-based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.5 million. Also Read: Brazilian Banks Ordered to Reopen Cryptocurrency Exchange’s Frozen Accounts Millennials Drive Cryptocurrency Adoption in Africa … Read more
Tanzania favors joint research with tech industry over government blockchain committee, says minister Go to Source Powered by WPeMatico
In recent news pertaining to cryptocurrency exchanges, SBI Group has unveiled a partnership with Sepior that will see the companies jointly develop a proprietary wallet, Huobi has announced it is establishing an operational base in Dubai to target the African, Middle Eastern, and South Asian cryptocurrency markets, and Trijo, a Swedish crypto exchange, has received … Read more
South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered. Also read: African Cryptocurrency Exchanges Forced to Step-Up … Read more
Cryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world. Also read: Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey The Worst Yet to Come for African Exchanges Exchanges in the … Read more