France national who purchased Ferrari with bitcoin in Morocco gets an 18-month jail term
The accused, who claimed ignorance of the ban on cryptocurrency in the country, was also directed to pay fines of up to €3.8 million.
Policy
CBDCs, like the eNaira, are potentially risky, IMF official says
The IMF MD believes retail CBDCs may result in “unforeseeable” results for central banks.
Nigeria approves national blockchain adoption policy over two years after initial draft
The approval means blockchain technology can now be institutionalized into the Nigerian economy and security sectors.
Nigeria’s SEC is willing to license asset-backed tokens but not crypto
The Nigerian Securities and Exchange Commission's continued decision to exclude crypto assets casts shadows on hopes that the CBN might change its stance on crypto anytime soon.
Kenya plans to tax cryptocurrency exchanges despite the central bank’s unfriendly stance
Crypto exchanges in Kenya will soon be mandated to pay a 1.5% duty on every commission received by Kenyans.
Zimbabwe plans to launch gold-backed digital currency to counter hyperinflation
This is the latest move by the bank to battle runaway inflation, a depreciating currency, and a dollarized economy, and it is coming amidst controversy in the country’s gold sector.
CBN preaches eNaira adoption to Nigerian university
The eNaira could potentially be used to pay salaries of federal workers, a CBN official said.