South African Central Bank Now Considers Cryptocurrency A Financial Asset BlockBlog

South African Central Bank Now Considers Cryptocurrency A Financial Asset

The Deputy Governor of the South African Reserve Bank (SARB) recently said that the institution has changed its stance on cryptocurrency and now considers it a financial asset that needs to be regulated as such. The SARB plans to have a cryptocurrency regulatory framework in place by the end of 2023. A safer crypto ecosystem … Read more

South African Crypto Regulations Should Balance Client Protection And Investment Promotion

South African Crypto Regulations Should Balance Client Protection And Investment

With South Africa set to regulate its crypto industry, members of the crypto community are understandably a bit worried about what the upcoming rules could mean for the digital asset space in the world. country. Two crypto experts said they welcome government regulation as long as it balances the need to protect investors with the … Read more

Central African Republic: President reveals launch date of Sango crypto hub

Central African Republic President reveals launch date of Sango crypto

The President of the Central African Republic (CAR), announced that a hub crypto will launch on July 3. The initiative, also known as the Sango project aims to make the CAR the most “ progressive from Africa, through the use of blockchain technology. President Faustin-Archange Touadéra indeed revealed the news through a tweet on Monday, … Read more

Bitcoin in the Central African Republic: five questions to better understand – Jeune Afrique

1 – Why now and what for? Financially, all possibilities of aid for the Central African funds have been blocked for nearly ten years. At the end of July 2021, the United Nations Security Council extended by one year the arms embargo imposed since 2013 on the Central African Republic as well as the travel … Read more

World Bank Disapproves of Central African Republic’s “Sango” Crypto Center

World Bank Disapproves of Central African Republics Sango Crypto Center

Image: Shutterstock Advertising Jhe World Bank has signaled its disapproval of the Central African Republic (CAR) decision to adopt Bitcoin (BTC) as a legal mode of exchange. The World Bank has also said that it will not provide support to CAR’s new crypto hub: “Sango”. In April this year, Faustin-Archange Touadéra, the president of CAR, … Read more

The Central African Republic unveils its crypto hub project and wants to launch a digital identity program

While a delegation of bitcoiners is going to Bangui in the Central African Republic today, the country unveiled the outlines of its “Sango” project on Tuesday, which wants to create the first African crypto hub. The Central African Republic, which adopted bitcoin as legal tender in mid-April after El Salvador, does not want to waste … Read more

African Governments’ Failure To Provide Jobs Fuels Young Interest In Bitcoin Business | The Guardian Nigeria News TechRadar

Jude Ogene is the Deputy General Counsel of Paxful, a peer-to-peer fintech platform designed to provide equal access to cryptocurrency traders. Ogene, who leads the company’s initiatives in product support, dispute management and corporate/commercial transactions, in this interview with The Guardian explains the state of digital currencies in Nigeria. Bitcoin has become the new gold … Read more

Central African Republic Suits El Salvador To Make Bitcoin Legal Tender

The Central African Republic has adopted Bitcoin as legal tender, becoming the second country to do so after El Salvador. Lawmakers in the Central African country have unanimously passed a bill to make Bitcoin legal tender alongside its CFA franc and legalize the use of cryptocurrencies. President Faustin Archange Touadera signed the measure into law, … Read more

Italy bets on African gas to no longer depend on Russia

Italy bets on African gas to no longer depend on

RIYADH: As artificial intelligence (AI) disrupts the global economy, the Middle East cannot afford to lag behind, as Saudi Arabia and the United Arab Emirates encourage adoption of the artificial intelligence in the region. The Middle East is expected to accumulate 2% of all global artificial intelligence profits in 2030, or $320 billion ($1 = … Read more

Crypto blockchains invest the African Web3

1649765532 Crypto blockchains invest the African Web3

The cryptos dance the mapouka! – Major blockchain protocols are competing for the emerging Web3 economy in Africa. According to analyst firm Chainalysis, the value of the African crypto market has increased by more than 1,200% between July 2020 and June 2021. Adoption rates are particularly high in Kenya, in South Africa, Nigeria and Tanzania. … Read more