Sats & Gwei | Africa rules the P-to-P crypto realm | Crypto is on the radar of Nigerian lawmakers| Sango coin delayed | Web3 Gaming to Africa | + More💯

2023 is here! 🎉

Happy new year🥂🥂

But, it won’t be a great transition if we don’t nourish you with all the interesting crypto news that happened in the last 2 weeks of 2022. So here you go. Enjoy listening😉🤩

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

 

Crypto is on the radar of Nigerian lawmakers!⚖️

The Chairman of the House of Representatives Committee on Capital Markets and Institutions in Nigeria has announced that the chamber will soon pass an amendment to the Investments and Securities Act, 2007 Bill, which will allow for the official recognition of crypto and other digital assets by the Securities Exchange Commission (SEC). Previously, the Central Bank of Nigeria had mandated that banks and other financial institutions close all accounts belonging to entities operating crypto exchanges, stating that dealing with crypto and facilitating payments through it was illegal

Africa rules the P-to-P crypto realm📏

 Africa has become the largest bitcoin peer-to-peer trader in terms of volume, surpassing North America, with over $18 million in local bitcoin trades. Nigeria ranks first in Africa and 11th globally in terms of cryptocurrency adoption. 

Sango coin delayed!🦥

The Central African Republic has also launched its own cryptocurrency project, called "Sango," though its initial public offering had a low turnout and plans to list the token on crypto exchanges have been delayed until 2023

Web3 Gaming to Africa!🕹️🎮

 African blockchain gaming startup Gamic is collaborating with Polygon to increase accessibility and benefits of web3 gaming for those in Africa and beyond

++  More🎉💯

A recent study estimates that there are at least 55.3 million cryptocurrency holders in Africa, with Nigeria, Kenya, and South Africa home to the majority. Bitcoin has had its second worst yearly performance since 2011, ending the year down by 65%.

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Sats & Gwei is a Bankless Africa 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.

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