Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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South Africa

The Implementation of African Continental Free Trade Area Agreement Postponed Due to COVID-19.

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The implementation of the African Continental Free Trade Area (AfCFTA) agreement will no longer start on July 1st  this year because of the disruptions caused by the novel coronavirus (COVID-19) global pandemic.

South Africa Post Office (Sapo) Plans to Rollout 10,000 Cashless ATMs Until the Next Four Months.

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With the current wave of new means to access funds, and the steady enforcement on cashless policies. The South African Post Office announced plans to rollout cashless ATMs in four months time.

Bitcoin ATM in Africa (Full List): South Africa Records Highest Number of Bitcoin Teller Machine Followed By Ghana.

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Since after the launch of the first bitcoin ATM in Nigeria, the number of bitcoin ATM in Africa and beyond have significantly increased. We have a total of more than 7,600 Bitcoin ATMs throughout the world.

South Africa Releases 30 Recommendations for Cryptocurrency Regulations in Compliance With FAFT Standards.

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South Africa’s top financial regulators and the country’s apex bank—South African Reserve Bank, have collectively issued a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. 

South African Blockchain Startup Custos Media Sued For $4.45 Million Backtrack on Investment Agreement.

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South African blockchain startup Custos Media Technologies has been sued for US$4.45 million in the Western Cape High Court by local VC firm HAVAÍC.  HAVAÍC claims that Custos retraced back on an investment agreement. Custos is a tunkey protection technology…

South Africans Can Now Buy and Sell ZAR on Binance Cryptocurrency Exchange.

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Binance has taken on another African country with the largest cryptocurrency trading volume in Africa after Nigeria. Just few weeks, after launching Binance P2P platform with the Nigeria Naira listing as the first African fiat currency on the Binance peer-to-peer…

African Digital Venture Startups Founders Can Now Apply for the eFounders Fellowship Class 9 Organized by Alibaba Business School.

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Alibaba Business School announces a new call for the application of the eFounders Fellowship Class 9. It is open to founders/co-founders of digital ventures from Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Botswana, South Africa. The eFounders Fellowship program is organized by…

Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Utilizing Blockchain Smart Contract Technology.

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Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Using Smart Contract Blockchain Technology. Eastern and Southern African Trade and Development Bank (TDB) closes a $22 million sugar deal in its first live trade-finance…

South African Cryptocurrency Exchange Luno Enables Instant Crypto to Bank Accounts Withdrawals for Standard Bank Account Holders. 

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South Africa’s exchange, Luno, announced that it has now enabled has automated and instant real-time withdrawals for its customers for crypto to bank accounts transactions with no additional fee charge. This new instant real-time withdrawal service from Luno is a…

Nedbank, the Second Bank in South Africa to Shut Down Crypto Related Bank Accounts in South Africa.

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Nedbank, one of the South Africa’s large financial institutions, has stopped allowing the opening of new cryptocurrency bank accounts. In an e-mailed response to ITWeb, the bank says: “Nedbank is in the process of assessing its position in respect of…