Jack Dorsey is betting that cross-border payments can be made cheaper and easier to integrate without recreating the “centrally” dominated crypto and fiat rails. On December 1, 2023, Block Inc.’s tbDEX protocol went live in Africa through Yellow Card as its first major Participating Financial Institution (PFI), and later with Chipper Cash joining the network. This is…
In December 2023, Kenyan e-commerce startup Copia Global and payment giant Visa announced a five-year partnership to roll out the Copia digital wallet across more than 50,000 rural agents in Kenya. The Visa-powered wallet promises to combine shopping, credit, savings, and money transfers into one “super-app” that will help people in Africa get access to…
In November 2023, the Australian Tax Office (ATO) published updated web guidance that mainly echoed that they were in charge and not the industry. The Australian crypto tax guidance will treat DeFi actions (including “wrapping” and “unwrapping” tokens) as capital gains tax events. However, within weeks, responses to its efficiency were harsh. arrison Dell, director of crypto tax laws specialist…
The debate around central bank digital currencies is almost obsolete, with Africa already learning from past scenarios. For instance, the Central Bank of Nigeria (CBN) made a striking confession at the Cedi @ 60 conference. “It’s not a rosy story… Nigerians were not interested in the eNaira… The market was already providing solutions.“ These candid…
Ronaldo’s 2022 Binance NFT partnership sparked a $1B lawsuit. His promotions drove 500% search increases but allegedly failed to disclose compensation or warn investors about unregistered securities. Judge Altman let the case proceed, signaling courts scrutinize celebrity crypto endorsements and SEC disclosure rules.
Access Bank allegedly froze 500 USDT accounts in 2023. Here’s what documented court cases reveal about Nigeria’s crypto freeze pattern, and your legal protections.
TL:DR, Crypto regulation in Africa varies dramatically across the continent, with approaches ranging from outright bans to legal tender status, creating a fragmented landscape. African regulators face unique challenges with decentralized technologies, including jurisdictional questions and keeping pace with rapid innovation. Effective frameworks must balance innovation with consumer protection while addressing Africa’s specific economic needs and…
TL:DR, Blockchain jobs are growing rapidly in Africa, offering remote opportunities for developers, writers, and community managers with specialized skills. There are job boards that focus on the crypto industry, for example, CryptoJobsList, Alliance, and Angelist. The demand for blockchain talent continues to grow globally, with Africa positioned to benefit from its large youth population and…
TL:DR, Essential cryptocurrency books to help investors understand blockchain technology and develop strategic investment approaches. These ten books provide a comprehensive and insightful exploration of this dynamic realm, from the origins of Bitcoin to the possibilities of decentralized finance and beyond. Comprehensive guide to building knowledge through authoritative books on digital finance. Cryptocurrencies have quickly…
TL:DR, BRICS expansion adds six nations, strengthening the bloc’s de-dollarization strategy and establishing control over 30% of the global economy. Six countries join BRICS alliance, complementing efforts to create financial alternatives through local currency lending and the New Development Bank. NDB announced plans to begin lending in South African rand and Brazilian Real to defy…
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