Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira
The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians towards Bitcoin and crypto adoption. Go to Source Powered by WPeMatico
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Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria … Read more
Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables Africans at home and abroad … Read more
Everyone’s talking crypto for solving Sub-Saharan Africa’s payments problems
Stablecoins and continent-wide regulations are key to breaking down barriers to Africa’s economic growth. Go to Source Powered by WPeMatico
Hodlers thankful as Bitcoin is gainful: Bad Crypto news of the week
Everyone from the Wall Street Journal to the Queen of England has an eye for Bitcoin in this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Go to Source Powered by WPeMatico
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
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
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