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Report: Nigerian Finance Bill Has Provisions Allowing Govt To Tax Crypto Transactions
All forms of property shall be assets for this Act.
Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%
Following the economic downturn around the world, we have had to make some tough decisions at Quidax.
Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year
New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022.
Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains.
Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa
Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.”
Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees
The Nigerian Web3 startup Nestcoin informed its investors on Nov. 14 that funds earmarked for the entity’s day-to-day activities are stuck with the collapsed crypto exchange FTX.
FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators
In Africa, crypto industry participants warn of the unintended consequences arising from rushed and over-restrictive regulations.
Crypto.com’s Exposure to FTX Less Than $10 Million Says CEO
According to the CEO of Crypto.com, Kris Marszalek, his firm had recovered much of the $1 billion that had been sent to FTX when the crypto exchange collapsed.
Huobi Becomes Latest Crypto Exchange To Disclose Proof-of-Reserves
Huobi has said disclosing the assets held in reserves helps to boost users’ confidence in the exchange as well as to improve transparency.
Terence Zimwara
Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.
