Is Africa the Next Frontier for Cryptocurrency?
"Experts say conditions on the continent are great for virtual currency. Interest in cryptocurrency, a form of digital currency, is growing steadily in Africa. Some economists say it is a disruptive innovation that will blossom on the continent," writes Pavithra Rao of Africa Renewal.
The Central Bank of Nigeria has cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria. Read more »
The Governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, has warm the public about the practice of "One Coin Digital" which claims to deal in a digital currency known as ... Read more »
Civil servants and retirees have been the main targets of the promoters of these schemes which has seen a large following in cities across the country, including Abuja, Lagos and ... Read more »
The Senate has warned Nigerians against investing in bitcoins and urged the Central Bank of Nigeria, Nigerian Stock Exchange and the Nigerian Deposit Insurance Corporation to ... Read more »
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