Locked Down but Trading Up: African Investors Trade 925% More on the INFINOX Platform The number of active INFINOX accounts held by Africa-based investors rose by 831% in 2020 compared to 2019.
Report on State of Kenya’s Online Forex Trading Industry in 2021 More traders are gaining trust in the forex trading industry as they can now visit brokerage offices in Kenya.
No Pain, No Gain: A New Dawn for the South African CFD Industry Radical changes in regulation have resulted in greater competition and a more complex supervisory environment.
A Step Ahead Towards Africa: Deriv Chooses Rwanda The financial markets across Africa are extremely promising at present.
What Does Nigeria’s Proposed Crypto Regulation Mean for Crypto in Africa? While no details on the specifics of the regulations are available yet, the new rules could have big implications. ...
Bank of Namibia: Online FX Trading Is Not Prohibited The statement comes as victims of an FX scam protest their money being withheld.
Zimbabwe Suspends Mobile Money Platforms to Push Fiat 80 percent of transactions in the country are done with mobile money.
Singer Akon to Launch Own Cryptocurrency – Akoin The cryptocurrency will be used in Akon City, a 2,000-acre development in Senegal.
Why Africa Saw its Biggest Surge in Micro-Investment During the Past 12 Weeks Micro-investing apps have taken investing to the next level without taking away from traditional investing.
11 Reasons Why FX Trading is Exploding in Africa and Why it Matters Africa is seeing more FX trading due to professional choices and even just the adoption of new and different ...
Luno Plans Entering Kenya, Ghana with Crypto Trading Services The exchange already has a presence in multiple African countries.
Crypto’s Promised Land? Paxful CEO on the ‘Unbanked’ in Africa Ray Youssef speaks on Paxful's strategy for growth in Africa and the platform's partnership with Binance.
LocalBitcoins Abruptly Shuts Traders’ Accounts The crackdown is concentrated in Asia, Africa, and the Middle East.
Somali Central Bank Closes Accounts Related to FX Brokers Banks were also ordered to provide details of these accounts and the amount of money FX brokers are holding.
Government of Lesotho Signs MOU With Cryptocurrency Platform The Apollo cryptocurrency has signed an agreement with the government of Lesotho to explore blockchain solutions.
Burundi Bans Crypto Trading, Warns Strict Action Against Traders The central bank of the country also branded cryptocurrencies as illegal tender.
Stater Closes Down, Why Bitcoin SV Is Surging: Editor’s Pick Catch up on the most interesting stories in the FX and crypto industries this past week.
Africa’s FX Industry is Benefitting from ESMA’s Regulations With brokers looking outside of the EU, more are choosing to set up in Africa.
Paxful Launches Mobile Exchange App to Reach Unbanked Customers “...This app will make our platform more accessible to communities around the world,” said the exchange's CEO.
Scammers Gonna Scam: Paxful CEO Speaks on Nigerian Controversy Paxful was recently accused of unfairly blocking the accounts of Nigerian users. Ray Youssef tells Paxful's side of the ...