Binance launches crypto accounts for kids and teenagers

Parents maintain full control of these accounts designed to teach crypto and financial literacy to children aged 17 and under.
Sam is a reporter ahead of the curve on cryptocurrency innovations in Africa, and his goal is to keep the world informed on them.

Parents maintain full control of these accounts designed to teach crypto and financial literacy to children aged 17 and under.

The bank sees no need to deploy a retail CBDC anytime soon, but it will explore wholesale options.

Adoption is on the rise, but with increased adoption comes financial stability risks that the bank is now looking to counteract.

ADAPT, built in partnership with IOTA and the Tony Blair Institute for Global Change, will allow users to settle trades in local currencies and stablecoins.

The new rules establish a licensing regime for VASPs and bring them under the purview of BAM and AMMC

Users can track crypto and fiat balances on one platform and seamlessly move funds between their Luno wallets and fiat accounts.

Olugbenga Agboola said rising demand from clients and suppliers already using stablecoins pushed Flutterwave to build payment flows that match how people are transacting today.

Dubbed the ZAR Supercoin, the stablecoin designed and developed by New York-listed Super Group, is backed by cash reserves in Absa bank.

Yellow Card told Mariblock that the decision was driven by strong, growing demand for stablecoin-fiat payment services.

Lesetja Kganyago says he is unconvinced by the supposed stability of USD-pegged stablecoins and believes their backing can be called into question

Emomotimi Agama said the country is missing out on substantial investments because Nigerians avoid investing in the Nigerian capital market.

While the full rollout is scheduled for 2026, a pilot program of the product feature is expected to run its course before the end of the year.

Stakeholders are saying the Act is a step in the right direction, as it provides legal backing to an ecosystem long in the shadows.

According the IMF, these countries have lost significant sums of money as a result of being grey listed by the FATF

The move combines modern digital asset technology with the security and trust of a tradfi institution to provide digital asset custody.

The bill has scrapped the creation of a new agency, VARA, and has instead placed VASPs under the CMA and CBK’s regulatory oversight.

The exchange asked users to withdraw their funds before November 1 when it will cease all operations

The network also wants its system to be compatible with more modern digital finance rails such as stablecoins

At a Mariblock webinar last week, tax and digital asset experts said the new laws mark a turning point for the sector’s legitimacy.

Circle joins the Swiss-based venture capital firm to invest in early-stage African blockchain companies over a period of ten years from 2022.