Rwandan Government to Use Blockchain Tech to Track Conflict Metal Tantalum
UK-based blockchain startup Circulor has agreed to provide its platform for the Rwandan tantalum mining industry Go to Source Powered by WPeMatico
Africa
Auto Added by WPeMatico
Kenyan Gov’t to Use Blockchain in New Affordable Housing Project
Kenya’s government will use blockchain technology in its new housing program to ensure that units go to the rightful recipients Go to Source Powered by WPeMatico
Binance Launches Its First Fiat-Crypto Exchange in Uganda
Binance will officially launch its fiat-to-crypto branch in Uganda this week, where the national currency will be traded with Bitcoin and Ethereum pairs. Go to Source Powered by WPeMatico
Zambian Central Bank Declares Bitcoin Is Not Legal Tender
The Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat … Read more
Nigerian Startup Kubitx Launches Bitcoin Exchange in Beta
Kubitx, a Pan-African financial technology startup registered in Malta, announced the beta launch of its new cryptocurrency exchange on Thursday. The platform, which supports six digital coins, including BCH and BTC, will initially be available to users in Nigeria, before the company expands it to other African countries in the coming months. Also read: Billion-Dollar Startups … Read more
Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data
Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of … Read more
Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again
Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add … Read more
Bitcoin Trading Flourishes on Whatsapp Following African Exchange Closures
Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp. Kenyan authorities have sounded tough on virtual currency, warning banks and individuals against trading such, … Read more
Time Magazine Includes Blockchain Startup in Its 50 ‘Genius Companies 2018’ List
A blockchain startup from Ghana makes Time Magazine’s top 50 “Genius Companies” list, along with Apple, Netflix and SpaceX Go to Source Powered by WPeMatico
Ahead of Traditional Banking: How Africa Employs Blockchain For Financial Inclusion
Sierra Leone is on a mission to build a national blockchain-powered credit bureau — and show how Africa might tackle financial exclusion Go to Source Powered by WPeMatico