We take a gander at the most slanting blockchain and digital money stories from Africa this week.
Here are our top picks!
Two Blockchain Companies Join Kenya Capital Markets Authority’s Regulatory Sandbox
Kenyan bitcoin policyThe Kenya Capital Markets Authority has set up an administrative sandbox restricted to money related arrangements with a capital market part. As a feature of the increases to the sandbox, two blockchain organizations – Pyypl Group Limited and Belrium Kenya – have been incorporated.
Pyypl Group Limited is a fintech stage for giving unbound bonds on the blockchain. Belruim Kenya is an electronic Know Your Customer (e-KYC) answer for capital markets running on the blockchain.
Improvements like this advance the utilization of blockchain innovation in Africa and bring positive assumptions among controllers towards blockchain-related innovation.
Akoin City Secures New Partnerships
Akoin City, the mega blockchain city venture lead by well known music craftsman Akon has been met with applause and wariness in various quarters. In any case, the venture keeps on growing more business associations for the development of the city. Akoin City fixed a $6 billion development manage KE International to construct the task.
Further, Akoin City joined forces with Mwale Medical and Technology City (MMTC) in Western Kenya. The association will make digital currencies a significant strategy for installment at the wellbeing office.
MMTC is another city complex that centers around wellbeing related offices. The super venture that began in 2014 is set to be opened in December 2020.
Different associations incorporate joint effort with Jeev Network in Rwanda and blockchain talk application, Sense Chat.
PayPal May Bring Bitcoin to 300 Million Users
In an exclusive report on Coindesk, the top industry publication speculated that PayPal might be adding the ability for people to buy and sell bitcoin soon. The news was corroborated by three people familiar with the matter.
The new addition would allow users of PayPal and Venmo to buy and sell bitcoin.
The bitcoin price saw some bullish sentiments after this headline made waves online. Since then the bitcoin price has dropped by 4 percent and is trading under $9,200.