Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Awa...
Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission hence Ghanaians should stay away from them.” Risks Associated With Crypto In remarks made during an interview, Paul Ababio, the Deputy Director-General of the (SEC) asserts that “there are risks associated with cryptocurrencies and people have lost funds to such transactions.”....
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The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor.
Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank Cards
Taiwan’s Financial Supervisory Commission (FSC) has told credit card issuers and banks to effectively prevent their customers from using credit cards as a payment instrument in transactions linked to cryptocurrencies, according to a....
Ghana is one of the few African countries that is hopping on the cryptocurrency train. The country is particularly taking concrete steps towards embracing this innovation. During the Fifth Ghana International Trade and Finance Conference in Accra, The Vice President of Ghana – Dr. Mahamudu Bawumia – said that African governments should embrace virtual currencies. […]
Afrikanus teaches young people how to be entrepreneurs in Ghana. He works with Bitnation to issue blockchain-based title deeds and establish what he terms a “Free Economic Enclave” in northern Ghana, where the poorest parts of the nation are located. Ghana, a nation of 27 million people, might not be considered a leader in blockchain technology. Nevertheless, a contingent of locals, led largely by Afrikanus, have worked towards bringing awareness of the blockchain to the people in the region. He also works with Africa Youth Peace Call, a Ghana-based Pro-Liberty Organisation dedicated “to....
Land in many parts of Africa remains an emotive subject. Often fought over, few governments seem to have a clear approach to handling sensitive land issues. However one group in Ghana the Africa Youth Peace Call has come up with a novel way of solving the land question in Northern Ghana - by registering land titles on the block chain. Land Ownership in Ghana - The Bottlenecks. Northern Ghana is home to some of the richest arable land in the country. It however also plays host to Ghana's poorest citizens. In a paper written for the Food and Agricultural Organization, former Ghanaian....
Ghana seeks to secure transactions on the Internet first and only then start a discussion on Bitcoin adoption. As a lack of training on cryptography is still a major issue in parts of Africa, Ghana’s Chapter of the Internet Society has trained some of its members. It hopes to create awareness around this tool making communication more secure on the Internet. The course is the first of its kind in Ghana and possibly in the West African region comprising over 300 million people. Its co-ordinator Marcus Adomey says the formal group training is long overdue. Topics discussed include classical....