CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-27 09:04:21

Blockchain.com eyes African expansion amid crypto rule changes

Blockchain.com appears to be betting on Africa’s crypto future, where regulations could transform a once-restrictive market. Crypto wallet and exchange platform Blockchain.com is reportedly looking to grow in Africa as some countries begin introducing regulations for digital assets, Bloomberg reports . According to Owenize Odia, Blockchain.com’s general manager for Africa operations, the company is focusing on Nigeria , Ghana, Kenya, and South Africa, with plans to open a physical office in Nigeria in Q2. Nigeria is Blockchain.com’s “fastest-growing market” in West Africa, Odia said, adding that the country “has taken meaningful steps toward creating a clear framework for crypto.” While most African nations still ban or tightly control crypto trading, a few are slowly changing their approach. Nigeria recently passed a new investment law that allows licensing for crypto exchanges. You might also like: Ripple teams up with Chipper Cash to expand cross-border payments in Africa Ghana may also introduce rules soon as Odia noted that Ghana’s central bank has draft guidelines showing “its intention to begin regulating cryptocurrency and related platforms by the end of September 2025.” Meanwhile, Kenya is still studying how to oversee crypto before making decisions. Africa is quickly becoming a hotspot for crypto adoption, and South Africa appears to be leading the charge. A new report by the Financial Sector Conduct Authority highlights growing opportunities in South Africa’s decentralized finance sector. While still small globally, South Africa’s DeFi market is expanding quickly, with total value locked exceeding $27 million and projections reaching $180 million by 2028. Payments remain the most common use case (over 50%), followed by lending/borrowing (47.6%) and decentralized exchanges (33%). Read more: Amidst speculations of the possible Tether exile from the US, the company’s CEO hints at a high-scale project in Africa

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.