Africa Crypto News Week in Review: VALR Partners with Mukuru, Bitcoin ATMs Launch In Nairobi Malls, IOTA To Power Stablecoin Payment

• VALR, a prominent digital asset exchange in Africa, has partnered with Mukuru to establish stablecoin payment infrastructure in South Africa, enhancing the accessibility of digital transactions. Additionally, Bitcoin ATMs have been launched in various malls across Nairobi, marking a significant step in Kenya's evolving cryptocurrency landscape following recent regulatory changes.
• This partnership between VALR and Mukuru is pivotal as it aims to facilitate easier digital currency transactions for users, particularly through popular platforms like WhatsApp. The collaboration is expected to broaden the reach of cryptocurrency services in South Africa, potentially increasing user engagement and adoption.
• The emergence of Bitcoin ATMs in Kenya occurs amidst a backdrop of regulatory uncertainty, as local authorities have indicated that no cryptocurrency firms are currently licensed under the new Virtual Asset Service Providers Act. This situation raises questions about the future of cryptocurrency operations in the region and highlights the ongoing challenges faced by businesses in navigating the regulatory landscape.

— via World Pulse Now AI Editorial System