Regulatory developments are very consequential to crypto adoption across Africa. This week saw developments in two significant economies, Nigeria and South Africa. Even so, there were other exciting news across the continent.

Ghana will relax its crypto ban and create a regulatory regime for this sector. The Bank of Ghana unveiled guidelines in August for crypto assets after years of prohibiting cryptocurrency usage. As late as last June, the regulator maintained its prohibition but will unveil a framework for regulating the asset.

Six months after Binance exited the Nigerian market, the country's government has started issuing approvals to local crypto exchanges. Nigeria's new licensing framework for crypto exchanges is expected to spur further crypto adoption in the country.

Source: https://99bitcoins.com/news/africa-crypto-week-in-review-nigeria-plan-to-license-crypto-exchanges-ghana-may-unban-crypto-as-south-africa-target-traders-for-revenue/

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