Tag: crypto adoption in africa

Nigeria’s Crypto Triumph: Shattering CBN Restrictions Amid Global Crypto Winter

In 2021, the CBN warned banks and financial institutes that facilitating payment for cryptocurrency changes was prohibited. In the first three months of...

Enhancing cryptocurrency knowledge in Africa

Part of the problem surrounding cryptocurrency adoption in Africa, besides the lack of reliable and affordable internet, particularly beyond urban areas, is the...

Factors accelerating cryptocurrency adoption in Africa

Cryptocurrencies offer an alternative financial system for the large percentage of unbanked and underbanked populations in Africa Many African countries have experienced high...

Factors that continue to derail cryptocurrency adoption in Africa

Regulatory uncertainty is a critical obstacle to the widespread adoption of cryptocurrencies in Africa To address these risk concerns and foster greater adoption,...

Africa’s potential for becoming a crypto mining hub

An efficient crypto mining industry can generate more employment opportunities in Africa as demand for miners, blockchain experts, and technology specialists increases. This incentivizes countries to improve their energy and technological infrastructure to accommodate crypto operations. Such improvements can significantly benefit other industries and economic well-being. African countries must seize the opportunity to become a crypto mining hub. This can help develop the digital economy, the financial standing of the citizens, and the energy production infrastructure. Accordingly, African governments can invest in cryptocurrencies and get alternative funding to develop renewable and alternative energy sources.

Morocco’s rocky crypto journey

In November 2017, Morocco's Central Bank, the Bank of Al-Maghrib (BAM), released an official notice banning the use and distribution of any digital...

African-based Roqqu crypto exchange acquires a blockchain license to operate in Europe

Roqqu Crypto exchange finally attained its Europen virtual currency license Its headquarters are in Lekki, Lagos state Nigeria, and it has processed over...

Africa’s crypto market: The journey through 2022

At the beginning of the year, the South African Reserve Bank set a project to establish crypto regulations in motion, aimed at governing...

El Salvador beefs up on the already existing Bitcoin Law

President Nayib Bukele added several laws advocating the incorporation of other digital currencies within the crypto ecosystem He stated that making Bitcoin legal...

Africa’s crypto ecosystem affected by FTX collapse

The FTX collapse has brought in significant questions as to the conduct of cryptocurrency, and many crypto traders are pondering over their next...

Nestcoin suffers from FTX collapse

Nestcoin set up a parent company whose primary function was to create, build and invest in products that would introduce crypto-evolving uses to...

Sybil attack provides a hostile takeover in blockchain

A Sybil attack is a malicious attack that targets the whole crypto network and creates duplicate accounts to pose as real users. A...

The Middle East North Africa region lands deal with Abu Dhabi Global Market on blockchain venture

According to Chainanalysis, the Middle East North Africa (MENA) region is among the fastest-growing crypto market within the crypto ecosystem There is the...

Bitcoin mining vs bitcoin buying: What is more profitable for Africans?

The continent has decent speed in internet connection and limitless renewable energy sources that can sustain bitcoin mining in Africa If the African...

Crypto Risk Analysis: Wide acceptance vs illegal usage

Most illegal activities hinge on the functionality of cryptocurrency. Various crypto coins have entirely given user control over their personal information, known as...

The steps you need to take to become a blockchain developer

Blockchain has a broad scope of applications in the African cryptocurrency ecosystem Being a blockchain developer involves work, and an academic background in...