Never miss a beat on Africa's legal and regulatory landscape.
In a notable development, the Central Bank of Nigeria (CBN) reversed its stance on cryptocurrency transactions on December 22nd, 2023, by issuing the “Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPs).” This decision marks the cessatio..
Although regulators around the world remain sceptical about recognising virtual currencies as legal tender, cryptocurrencies are already an established phenomenon and are here to stay.
The Central Bank of Kenya (CBK) recently published a discussion paper on the feasibility of a central bank digital currency (CBDC). The CBDC is intended to be a sovereign ..
