Monday, November 18, 2024 – In this week’s African crypto, Jack Dorsey addresses a cryptocurrency conference in Kenya. South Africa could be the hideout of crypto queen OneCoin, and Algorand is making big moves in Nigeria – find out this and more in Crypto Africa.
Cryptocurrency markets are on a roll, with Bitcoin hitting all-time highs last week. The continental trade and development landscape has had its fair share of events, looking at the latest crypto news in Kenya, South Africa and Nigeria. Let’s look at some of the highlights:
Former Twitter CEO and billionaire entrepreneur Jack Dorsey will attend the third edition of the Africa Bitcoin Conference in Nairobi from December 9-11.
Jack Dorsey to attend Bitcoin Africa Conference, is it time to regulate cryptocurrencies?
Dorsey appreciates the importance of the conference in spreading crypto awareness on the continent and returns after his appearance at the inaugural event in Accra, Ghana. Jack has since become a crypto entrepreneur after leading Twitter for over a decade. Elon Musk now owns X, and Dorsey uses some of his free time to attend crypto-related events.
Meanwhile, analysts argue that Kenyan lawmakers should prioritize crypto regulation and allow banks to provide services to crypto businesses. If no action is taken and the country follows Nigeria’s hostile laws, it could prove costly in the long run.
This assessment takes into account the rapid adoption rate and favorable laws, especially in the United States and Europe. With Donald Trump in power, crypto would flourish, leaving anti-crypto and neutral jurisdictions behind.
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