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AFRICAN NEWS

Nigerian Securities and Exchange Commission Declares Binance Activities Illegal

In a recent statement, the Securities and Exchange Commission (SEC) of Nigeria has officially declared the activities of Binance in Nigeria to be illegal. This move has significant implications for...
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Central Bank of Kenya Receives Feedback on Digital Shilling, Takes a Measured Approach

The Central Bank of Kenya recently received feedback on a discussion paper regarding the potential issuance of a digital shilling. While the bank has not reached a definitive conclusion, it...
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Renowned Nigerian Crypto Exchange Patricia Faces Major Security Breach, Temporarily Suspends Fund Withdrawals

Patricia, a well-known cryptocurrency exchange based in Nigeria, has recently faced a significant security breach that has impacted its Bitcoin and Naira assets. In response, the company has taken immediate...
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Centbee Partners with nChain to Boost Blockchain Payments Technology

Centbee, a blockchain payments company, has announced a strategic partnership with nChain, a prominent Web3 and Blockchain technology leader, to enhance its blockchain payments technology offerings. The collaboration will involve...
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Central African Republic’s Adoption of Bitcoin Receives Optimistic Outlook from IMF

The Central African Republic (CAR) has recently received positive feedback from the International Monetary Fund (IMF) regarding its adoption of Bitcoin (BTC) as legal tender. The IMF’s optimistic stance reflects...
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Nelson Mandela Foundation Embraces NFTs for Fundraising Initiatives

The Nelson Mandela Foundation (NMF) has embraced the use of non-fungible tokens (NFTs) as a means of raising funds for its endeavors, as reported in South Africa. NFTs are distinct...
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Kenya’s Proposed Cryptocurrency Tax Compared to Binance’s Trading Fees

A comparison between Kenya’s proposed 3% tax on cryptocurrencies and Binance’s 0.10% trading fee reveals a stark difference in costs for traders. Kenya’s move towards cryptocurrency regulation began in November,...
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Nigeria approves national blockchain policy to transition to digital economy

Nigeria has taken a significant step towards transitioning to a digital economy by approving a national blockchain policy. The policy was developed by the Federal Ministry of Communications and Digital...
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Nigerian crypto exchange Patricia partners with Revolut to offer limitless cryptocurrency transactions in multiple currencies

Patricia, a company focused on making cryptocurrency transactions accessible to everyone, has announced a partnership with Revolut, a UK-based fintech giant. The partnership will allow crypto enthusiasts worldwide to make...
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Kenya Adopts New Regulations to Tax Cryptocurrency Exchanges for Commissions

Kenya is set to tax cryptocurrency exchanges for the commissions they receive from over four million people dealing in digital currencies in the country, if newly proposed regulations are adopted....
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