Crypto News Update – African Continent

• The introduction – Crypto Around the World - Obstacles to Mass adoption
• The first article – Crypto  Around the World - Indonesia
• The second article – Crypto Around the World – South Korea

The Crypto Around the World - News Updates brings you weekly global crypto headlines and a brief excerpt of news/articles/opinions from around the world listed by Continent in Alphabetical Order. This installment focused on the continent of Africa. Kindly click on the  link for the full article/news.

Africa - general

1. Crypto Industry Thriving on the African Continent

Africa is fast emerging as one of the planet’s centers for Bitcoin and cryptocurrency interest. Recent weeks have seen several developments that show a thriving industry on the continent. ---> read full article at BeinCrypto, Rick D., Sep 28, 2020

2. Booming African crypto adoption drives concerns over regulation

2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two African nations ranking in the top eight of the Chainalysis crypto adoption index. ---> read full article at Cointelegraph, Samuel Haig, Sep 23, 2020

Eqypt

1. Egyptians Will Be Able To Make International Bank Transfers Through Fawry Very Soon

For those sending money abroad to students, or those living abroad sending money back home, your life is about to get much easier thanks to Fawry's new partnership with an un-named Egyptian bank after receiving approval from the Egyptian Central Bank (CBE).

The transfer service will streamline the process for those sending and receiving money and will make Egypt's remittance revenue more efficient. The new program will also make use of the crypto-currency Ripple and its block-chain network to make sure there's no corruption or lost funds. ---> read full article at  Nile FM, Sept 21, 2020

2. Egypt, Cryptocurrencies, and Catching up with the Middle East

Recently, the government in Egypt announced that it is considering pursuing a lift on its crypto exchange ban. ---> read full article at MENAFN (Mid East N. Africa Financial Network Inc), Sep 23, 2020

Kenya

1. Kenyan Stablecoin Operator Calls for Unified African Crypto Regulatory Approach

This week, the Young Entrepreneurs Network, a Kenya-based business forum that organizes golfing tournaments across the country, received approval to test its YENTS stablecoin in the country’s regulatory sandbox. ---> read full article at Inside Bitcoins, Jimmy Aki, Sep 29, 2020

Nigeria

1. Experts want SEC, CBN clear directive on cryptocurrency in Nigeria

Financial experts have stressed the need for the Securities and Exchange Commission (SEC), and Central Bank of Nigeria (CBN) to work together and chart a clear, articulated and progressive course on cryptocurrencies in Nigeria and avoid regulatory overlap.

The experts, who expressed concern at the slow technology penetration in Nigeria, said the nation could not afford to take the backseat in these initiatives given its strategic importance in Africa. ---> read full article at The Guardian, Helen Oji, Sep 30, 2020

Senegal

1. Rapper Akon reveals plans for the futuristic $6bn city that he will build in Senegal modelled after Black Panther's Wakanda

• R&B star laid first stone for the city in village of Mbodiene, 60 miles from Dakar
• Akon said he wanted to build a 'home back home' for African-Americans in US
• Wakanda from the Black Panther comic book series also served as inspiration
• Work will start early next year, with completion of the first phase set for 2023

---> read full article at Daily Mail, Tom Pyman, Sep 2, 2020

Tanzania

1. Accelerating the adoption of digital payments in Tanzania (Video Clip)

Tanzania's digital landscape in recent years has grown creating a number of economic opportunities. Mastercard and Selcom recently announced the launch of an enhanced mobile payment application that enables people to centralize all their payment cards or supported mobile banking profiles on one digital platform. Sameer Hirji, Executive Director, Selcom Paytech Limited joins CNBC Africa for more. ---> watch full video clip at CNBBC Africa, Sep 23, 2020

This article is part of the “Crypto around the World” series I’m writing about. Please like and follow me if you want to take this journey with me.

Resource

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