Peer-to-peer bitcoin exchange Paxful suspends operations amid cofounder legal troubles
CEO Ray Youssef announced the news via a website statement, noting he is unsure whether operations will resume.
Kenya
Inflation in Africa: Many countries continue to witness historically high consumer prices
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
Kenyan financial regulators are considering developing crypto rules
Five financial sector regulators, including the country's central bank and capital markets regulator, will set up a working group to develop crypto regulations.
Six of eleven African countries reported an inflation rate drop in November
African consumers are beginning to see steadier prices as 2022 nears its end, according to the latest inflation figures.
Bitcoin-powered remittances from Europe to African bank accounts are now possible
African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.
Kenyan lawmaker introduces crypto taxation bill
Cryptocurrency exchanges and traders in Kenya will be required to pay tax on every transaction if the bill is passed.