Africa’s booming crypto ecosystem welcomes a new exchange platform MARA with backing from the likes of Coinbase Ventures and Alameda Research.
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation's fintech sector.
One of the main reasons investors across the globe seek to diversify traditional assets into crypto is to counter rising fiat inflation.
From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools.
"We're also excited that when working with central banks, we can do it in a way that is through regulation and compliance," says Bitt CEO Brian Popelka.
Personal accounts with large multi-day inflow and outflow are being tracked per an order by the country's central bank.