According to Reuters, the Constitutional Court of the Central African Republic (CAR) said on Monday that the purchase of citizenship, e-residency and land using its government-backed Sango digital cur...
Tag: African
Central African Republic Court Deems Unconstitutional to Buy Land, Citizenships With The Country’s Native Cryptocurrency
Earlier today, the Constitutional Court of the Central African Republic (CAR) dictated it was unconstitutional to purchase citizenship, e-residency, and land with the government-backed cryptocurrency ...
South African Cryptocurrency Ownership Rate at 10% — Report – Featured Bitcoin News
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that ...
East African Single Currency Unlikely to Be Introduced by 2024 – Emerging Markets Bitcoin News
There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this...
South African Central Bank Releases Crypto Risk-Assessment Note
The South African Reserve Bank has released guidelines for local banks to do business with cryptocurrencies and cryptocurrency companies. The document, released by the Reserve Bank’s Prudential Author...
South African Reserve Bank Wants Banks To Be Lenient To Crypto Service Providers
The South African Reserve Bank has sent out guidelines to banks operating in the country regarding their dealings with crypto service providers. The apex bank has encouraged banks not to cut off all t...
South African Reserve Bank encourages friendly behavior with crypto
The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurren...
This African Country Has Close to 1 Million CBDC Users
The African nation of Nigeria has seen a good response for its central bank digital currency (CBDC) e-Naira! Since its launch in October 2021, e-Naira has onboarded 840,000 users and is very close to ...
Central African Republic President Says Successful Launch of Sango Coin a Key Milestone – Africa Bitcoin News
According to Central African Republic President Faustin-Archange Touadéra, his country’s launch of the “Sango coin” currency, as well as the call for the creation of a common digital currency by the r...
Celo Foundation to Help African Startups Scale Via Web3 Fund
The Celo Foundation recently announced a Web3 fund for African startups to scale their operations. Named Celo Africa Web3 Fund, the initiative is open to every Africa-based startup. However, projects ...
USD/ZAR forecast as the South African rand makes a comeback
The USD/ZAR price dropped to the lowest point since June 29th as the market focused on the relatively weak US consumer inflation data. The pair dropped to a low of 16.12, which was about 6.50% below t...
Algorand Partners Boston University to Support African Farmers Using Blockchain
The Algorand Foundation, a non-profit organization aimed at supporting the Algorand network, recently announced its partnership with Boston University and Kenya-based agricultural company, Hello Tract...
South African Web3 Firm Fractionalizes Rare ZAR Proof Coins into NFTs
South African Web3 tech company Momint has fractionalized a set of rare gold, silver, and bronze coins from 130 years ago into non-fungible tokens (NFTs). This complete denomination set of proof coins...
Binance CEO And Central African Republic President Talk About Crypto Adoption – crypto.news
The CAR (Central Africa Republic) has been in the news lately. This was after the country legalized BTC as a legal tender. Since then, the African nation has also launched the Sango hub, which is stil...
Binance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a ‘Truly Remarkable Moment’ – Africa Bitcoin News
After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African R...
The Central African Republic Is Building Its Own Virtual Asset
The Central African Republic (CAR) has come a long way in the digital currency space. The nation was the second in the world to declare bitcoin legal tender within its borders, clearly following in th...
Binance’s CZ Visits The Central African Republic, Meets President Touadéra
President Faustin-Archange Touadéra received Changpeng Zhao to discuss bitcoin and crypto. The meeting of the minds happened on Friday and there’s not much public information about what actually happe...
Binance CEO meets with President of Central African Republic to discuss crypto adoption
The Central Africa Republic is still attracting the cryptocurrency world after officially declaring Bitcoin (BTC) legal tender. Since the new legislation, the country’s leaders have engaged different ...
African blockchain investments surpass 2021’s total of $127M
Over the first quarter of 2022, $91M worth of capital entered the African blockchain ecosystem, followed by another $213M during Q2, totaling $304M. VC investments continue to pour into Africa In May,...
South African Bank Official Slammed for Spreading Misinformation About Crypto
The deputy governor of the South African Reserve Bank has been accused of promoting misinformation surrounding the illicit use of cryptocurrencies. Kuben Naidoo has been called out by Steven Sidley, a...
South African central bank official accused of spreading crypto misinformation
As financial institutions around the world seek ways to regulate and incorporate the cryptocurrency industry into their operations, one nation’s central bank official has been accused of spreading dam...
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry – Bitcoin News
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The profess...
The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations – Coinotizia
A new report has claimed the Central African Republic, which became the first country in Africa to make bitcoin legal tender, recently requested the regional central bank’s assistance in developing a ...
The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations – Emerging Markets Bitcoin News
A new report has claimed the Central African Republic, which became the first country in Africa to make bitcoin legal tender, recently requested the regional central bank’s assistance in developing a ...
Central African Republic Token Sale off to Slow Start — $1.26 Million Raised in Under 5 Days – Africa Bitcoin News
The Central African Republic’s token sale appeared to have gotten to a slow start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25....
Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on the Brink – Africa Bitcoin News
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to in...
Terror Groups Using South African Financial System to Move Funds – Africa Bitcoin News
Sympathizers of the terror group, the Islamic State (IS) are allegedly using South Africa’s financial system to channel funds to the group’s affiliates and networks in Africa. The United States govern...
Central African Republic begins public sale of Sango Coin
Sango Coin, the national cryptocurrency of the Central African Republic (CAR), is now on sale according to details on the Sango project website. The public sale began on Monday with the 200 million Sa...
Central African Republic’s Sango Coin sales go live, records only $1.09 million in 24 hours
Central African Republic’s Sango coin, which started selling on Monday, June 25, has recorded only $1.09 million in sales after 24 hours of the offering. The government of CAR launched its digital cur...
Central African Republic Begins Sales of Sango Coin
The Central African Republic (CAR), a landlocked country in Central Africa, rolled out the launch and sales of its national cryptocurrency called “Sango Coin” on Monday, July 25, as planned. However, ...
Head of African Regional Central Bank Calls for Creation of Digital Currency – Emerging Markets Bitcoin News
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belongi...