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....
Paxful CEO Ray Youssef said that the current growth trends in Ghana show that it has the potential to be a leader in terms of crypto adoption. As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other African countries regarding cryptocurrency use. In a report released by blockchain analytics platform Chainalysis, researchers found that Ghana has the potential to achieve crypto adoption levels similar to Kenya and Nigeria, countries which ranked 11th and 19th in the analytics firm’s global crypto adoption index. According to....