Egypt plans to launch its CBDC in 2030
Presently, the country wants to work on improving its economy and increasing financial inclusion.
Sam Adeyemo
Severely devalued naira expected to perform at poorest ever in 2024 — Bloomberg
The naira was one of the worst-performing currencies in 2024, and experts see the trend continuing in 2024.
IMF calls for stricter rules for “risky” and “poorly-backed” crypto
The international organization has instead encouraged blockchain adoption in traditional financial systems.
Angola’s parliament passes law to regulate digital assets and crypto-mining
The five-part law protects the country’s monetary policy and energy infrastructure, per an official.
Ghana’s SEC sets up committee on crypto regulations
The SEC’s Director-General said that the Commission formed the task force to help it develop the capacity to regulate crypto assets.
Ethiopia set to make an “unnecessary and unfortunate” default on Eurobond repayment
The country’s finance ministry is looking to restructure its Eurobond following recent success with restructuring the terms of its bilateral debt.
BIS says token-based CBDCs like the eCedi pose counterfeiting and money laundering risks
The Bank of Ghana previously assured that the eCedi would keep with financial regulations while maintaining privacy.