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Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission hence Ghanaians should stay away from them.” Risks Associated With Crypto In remarks made […]Powered by WPeMatico
Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets. In Nigeria, Sure Remit is helping make cash transfers cheaper and in Zimbabwe, TV subscriptions, […]
The post Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa appeared first on Bitcoin News.
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Banks all over the world are not too keen on the idea of using Bitcoin. In some cases, they may even prevent their customers from buying or selling cryptocurrency. Over in Ghana, things are seemingly a bit different. Groupe Nduom’s Papa-Wassa Chiefy Nduom has urged the Bank of Ghana to put 1% of its holdings into Bitcoin. It’s a very interesting train of thought, although it remains to be seen if the institution will pay any attention to the suggestion. Bank of Ghana Needs to Diversify All financial institutions around the world have to keep a few basic rules in mind atPowered by WPeMatico