Africa Crypto News Week in Review: Kenya Passes VASP Bill, Uganda CBDC Pilot, Bitcoin Lightning Network Adoption in South Africa
PositiveCryptocurrency

This week marked a significant milestone for cryptocurrency in Africa, as Kenya's parliament passed its first comprehensive crypto legislation, the VASP Bill. This legislation is expected to enhance the regulatory framework for crypto businesses, fostering adoption in the country. Meanwhile, Uganda is set to pilot its first Central Bank Digital Currency (CBDC), a move that could reshape its financial landscape. These developments are crucial as they signal a growing acceptance and integration of digital currencies in Africa, potentially leading to economic growth and innovation.
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