Sats & Gwei | Win for Crypto Regulation | BTC mining scam hits South Africa | Binance named most innovative Blockchian provider | And More

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Crypto practice licensing has taken centre stage with Botswana becoming the first African country to offer Yellow Card a licence to legalize its practice within its borders. This is accompanied by another major win for the crypto ecosystem in South Africa where cryptocurrency has been legally recognized as a financial product. These developments will boost blockchain technology adoption in these countries, with hope set on other African countries to follow suite soon. 

Mass crypto education remains the foremost way of creating awareness to onboard Africans into the blockchain space. Binance is again at the forefront of this effort as signalled by its recent collaboration with Utiva to empower youth with tech skills across several African countries.

Gaming in the metaverse is becoming even more popular in the African blockchain space. We're witnessing partnerships and collaborations between indigenous and foreign organizations in the P2E space with efforts targeted at onboarding more people into crypto using this means. 

Amidst all the good tidings however, a recent bitcoin mining scam which erupted in South Africa has cost thousands or people losses resulting in over a hundred million rand. Newcomers and enthusiasts are advised to do proper research before investing in any seeming blockchain project. 

We sound off with kudos to Binance for having recently bagged an award for innovation and creativity at the very recently held GIITA awards held in Ghana. The space is still growing, with room for involvement. It's not too late to ride the wave!

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

 Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo
Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233
Join us on telegram https://t.me/banklessafrica

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/