Zambia Is Set To Regulate And Open To Use Crypto Technologies.
The central bank of Zambia and the country’s Securities and Exchange Commission SEC said that they are in the process of checking out technology to regulate cryptocurrencies, the country’s minister of Technology and Science, Felix Mutati, has said. According to…
Binance Stablecoin, BUSD Faces Scrutiny In The US.
Paxos Trust Company, the firm behind Binance’s stablecoin, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the platform, as New York…
Kenya Withdraws Financial Misconduct Case Against Flutterwave.
Kenyan authorities have dropped charges of financial misconduct and corruption against Flutterwave Inc., about seven months after a court in the East African nation froze the bank accounts of one of Africa’s biggest startups. startups. According to a Kenyan High…
Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox.
Nigeria and Ghana central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion…
Kenya New Regulatory Sandbox For Tech Startups Calls For Industry Expert Inputs.
The Communications Authority of Kenya (CAK) recently published a draft called: “Framework for Emerging Technologies Regulatory Sandbox” for tech ecosystems, and is seeking feedback from the public by February 3, 2023. The CAK has the responsibility of establishing and reviewing…
South Africa Mandates Risk Warnings On Crypto Adverts With New Advert Regulatory Code.
South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Companies and individuals in South Africa must abide by certain advertising standards pertaining to the provision of cryptocurrency…
Nigeria Stablecoins And ICOs Legal Framework In The Pipeline.
Nigeria Central Bank has declared its readiness to accept the existence of private stablecoins as well and the necessity to create a legal framework for stablecoins is defined in the latest central bank strategy paper. Published under the headline “Nigeria…
It’s Time To Regulate Africa Crypto Market: Experts.
Africa is one of the fastest-growing crypto markets in the world, according to Chainalysis, but remains the smallest, with crypto transactions peaking at $20 billion per month in mid-2021. Kenya, Nigeria, and South Africa have the highest number of users…
Nigeria To Convert It’s N20 Trillion Central Bank Loan Into Bond
The Nigerian government is to restructure its record N20 trillion debt to the central bank to bonds repayable in 40 years with interest rate of 9%, . The borrowing, added to the Nigerian government’s debt figure estimated at N42.8 trillion…
Nigeria’s President Signs Startup Bill Into Law.
President Muhammadu Buhari has signed the Nigeria Startup Bill into law, the Minister of Communications and Digital Economy, Isa Pantami disclosed this after a meeting with the President at Aso Villa today. He disclosed that the startup bill passed the…