Africa Matters

Proactive Policies: The Backbone of South Africa’s Crypto Success

Edson Baraukwa | Africa Guardian Cryptocurrency is reshaping South Africa’s financial landscape, promoting inclusion, empowering small businesses to access global markets, and offering innovative payment systems. With a combination of crypto-friendly regulations, a vibrant tech ecosystem, and increasing adoption, South Africa is cementing its status as the continent’s cryptocurrency hub. In 2024, Africa’s crypto market revenue is expected to…

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Binance declared illegal in Nigeria, ordered to cease operations

Binance, a blockchain ecosystem and cryptocurrency infrastructure provider, has been ordered to cease operations in Nigeria after being declared an illegal crypto trading platform. Nigeria’s Securities and Exchange Commission (SEC) issued the directive on Friday, discouraging crypto investors from using the platform as Binance is neither registered nor regulated and its operations in the country were illegal. In a…

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