TL;DR, Among the first batch to receive South Africa’s crypto license include Luno, South Africa’s top crypto exchange, and Zignaly, a decentralized social investing platform. Zignaly obtained a Category 2Ā discretionary FSP license listed on the FSCA registry under Merritt Administrators PTY LTD. Since June 2023, the FSCA has been accepting licensing applications, attracting over 230…
TL;DR, The BRICS digital currency aims to challenge dollar dominance as USD’s share of global FX reserves dropped from 70% in 2000 to 57.8% in 2024. The BRICS Bridge platform will connect member states’ financial systems using CBDCs and stablecoins, targeting 20,000 transactions per second to compete with SWIFT. The project faces significant challenges including…
TL;DR, Ubunation’s NFT Auction features 10,000 unique lion NFTs at $20 each, targeting $200,000 to fund a primary school construction project in Nairobi. Web3 fundraising offers transparency advantages over traditional charity models, allowing donors to trace exactly where their contributions go. Despite its noble mission, skeptics highlight market saturation and lingering doubts over NFTsā long-term…
TL;DR, CV Summit in Cape Town attracted over 250 attendees at Watershed Workshop 17, with Crypto Valley VC launching an Africa Fund targetingĀ 200,000ā200,000ā500,000 investments for blockchain startups. African blockchain ecosystem shows recovery from 2022 crypto winter as investors focus on sustainable business models. B2B payment systems, cross-border settlements, and compliance-focused blockchain solutions attracted the most…
TL;DR, Power Learn Project aims to train 1 million software developers in Africa by 2027 through cutting-edge blockchain courses and partnerships with entities like EMURGO Africa. African universities from Nigeria to South Africa are integrating blockchain into curricula, while organizations like ABC, Bithub Africa, and Web3Bridge fill gaps through specialized bootcamps and developer…
TL:DR, South Africa issued 75Ā crypto licencesĀ under FAIS Act: 71 Category I, 33 Category II, 3 Category IIA, with notable companies like Revix approved but Binance absent. Revix is among the CASPs that received their crypto licences under its incorporated name, RVX SA Capital (pty) Limited. We expect South Africa to be a hotbed of innovation…
TL;DR, Nigeria’s central bank officially denied issuing any fake CBN directive targeting crypto exchanges after documents circulated online claiming to freeze accounts linked to digital assets. The controversy revealed knowledge gaps in Nigeria’s crypto community, emphasizing the importance of verifying information through official channels rather than social media. The real action was a separate, court-approved…
TL;DR, Stablecoins cut average $200 remittance costs 60%, accelerating African Financial Services adoption. Open Web3 rails enable faster, cheaper, transparent payments and on-chain credit across cards, mobile money, and stablecoins. Real playersāFlutterwave, Yellow Card, Pezesha, Bitsikaāprove programmable money is scaling inclusion and SME lending across the continent. Web3 and its numerous applications are…
TL;DR, CBN names SEC lead for crypto regulation, marking a shift from the Feb 5, 2021 bank-crypto ban and realigning with SECās Sept 14, 2020 guidelines. Binance-related pressures spurred clarity; the SEC leads while CBN coordinates with EFCC and ONSA to strengthen enforcement and market integrity. This shift aligns Nigeria with global trends,…
TL;DR, The Central Bank flagged $26 billion in untraceable transactions linked to Binance operations, intensifying the government probe intoĀ Nadeem AnjarwallaĀ before his escape. Following a mysterious breach of custody, Nigerian authorities have charged Binance with tax evasion and enlisted Interpol to issue an international warrant for the fleeing regional manager. This incident highlights the…
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