Severely devalued naira expected to perform at poorest ever in 2024 — Bloomberg
The naira was one of the worst-performing currencies in 2024, and experts see the trend continuing in 2024.
News
Nigeria authorizes banks to open accounts for crypto companies
But there's a catch: cryptocurrency companies must first secure a license from the country's capital markets regulator.
🟠 More African crypto regulations
Plus:
🇰🇪 Worldcoin moves to resume operations in Kenya
IMF calls for stricter rules for “risky” and “poorly-backed” crypto
The international organization has instead encouraged blockchain adoption in traditional financial systems.
Worldcoin moves to resume operations in Kenya
“Worldcoin is working directly with regulators to meet Kenya’s requirements, particularly as the Assembly considers new regulations,” a source said.
Egypt’s journey towards digital pound implementation
Egypt is moving towards joining Nigeria, Kenya, Senegal, and South Africa in implementing CBDCs.
Angola’s parliament passes law to regulate digital assets and crypto-mining
The five-part law protects the country’s monetary policy and energy infrastructure, per an official.