Ethiopia Earns $55 Million from Bitcoin Mining Deals in 10 months
The East African country wants to position itself as a global bitcoin mining hub with hundreds more megawatts of power to be made available for bitcoin miners in the country.
Eseose Oseghale
Kotani Pay Expands its services to Rwanda and Uganda
The expansion brings the Kenya-based fintech’s presence to six African countries.
Zanzibar introduces blockchain sandbox for startups
The archipelago in Tanzania wants to position itself as a hub for technological innovation.
Baxi, FairMoney, and KongaPay join Zone’s decentralized payment network
These fintechs follow the steps of other notable Nigerian tradfi banks in implementing Zone’s blockchain-based payments processing network
South African taxman goes after crypto traders to rein in taxes
The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.
Nigerian SEC mandates crypto firms to open local offices for regulatory sandbox participation
Nigeria's SEC unveils strict requirements for crypto firms, including local presence and hefty penalties, as it seeks to regulate the burgeoning digital asset market amidst global challenges.
Nigeria to launch AI and Blockchain research hub nationwide
Despite promising blockchain developments, it remains unclear how Nigeria plans to transform its policies and promises into tangible, productive endeavors.