African blockchain and crypto businesses have been raising funding despite regulatory issues in some markets. A new report by Weetracker highlights that most of the capital raises and moves towards ICOs have predominantly been in South Africa, Kenya and Zimbabwe. The report looks at the first quarter 2018 activity across the continent. It also notes
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Kenyan MPs have given the Treasury secretary a two-week deadline by which he must decide the fate of bitcoin and other cryptocurrencies, specifically regarding their status as legal tender in the nation of 48 million people. The deadline follows a warning issued in April by the Central Bank of Kenya (CBK). The Finance and National Planning
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Zimbabwe cryptocurrency exchange platform, Golix, is now proceeding ahead with its planned token sale to raise $32 million and has expanded to Kenya and Uganda with effect from the beginning of this month. Golix’s Initial Coin Offering had been disrupted after the Reserve Bank of Zimbabwe banned banks from processing cryptocurrency transactions in the country.
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The Capital Markets Authority (CMA) in Nairobi, Kenya, has proposed the creation of a special unit to handle cryptocurrency related issues. The unit would include all relevant regulators such as itself and Central Bank of Kenya (CBK), according to Standard Digital. The proposal is included in the Capital Market Soundness Report, “Staying the course in
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As the regulatory debate continues mainly between government agencies and cryptocurrency protagonists, the Central Bank of Kenya (CBK), through its Governor, Patrick Njoroge joins in the campaign towards slowing down the propagation of Bitcoin and cryptocurrencies. A Recurrent Warning Njoroge told legislators on Thursday that he had sent a circular to all banks warning them
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Space Kenya Networks Limited, a Kenyan web development company, recently announced the launch of its blockchain incubator BitHub. CCN spoke with the director of Space Networks Kenya and founder of BitHub to discuss the crypto- and bitcoin-space in Kenya. In a statement found on the website, BitHub describes its mission as: “Solving problems using innovative […]
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Joe Mucheru, the secretary of Kenya’s Ministry of Information and Communications and Technology (ICT), resigned from the board of BitPesa, Africa’s largest bitcoin trading platform, and started to offload is shares to prevent any conflict of interest, according to technmoran.com, an African news site. While some Africa bitcoin observers might view his departure as another […]
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