Tag: FTX’s collapse
Africa Finance Headlines International

Regulation time: FTX’s collapse prompts African govts to tighten crypto regulation

North Africa PostComments Off on Regulation time: FTX’s collapse prompts African govts to tighten crypto regulation

After the FTX cryptocurrency exchange’s collapse earlier this month that has left a trail of losses for companies and individuals, Africa’s financial regulators have sensed an opportunity to place stricter constraints on crypto’s adoption. Before FTX’s meltdown, the crypto giant was becoming a force for normalizing cryptocurrencies in Africa, through marketing campaigns that enlisted entertainers, […]
Finance Headlines International

Crypto winter: in wake of FTX’s collapse, Africa’s crypto community calls for urgent regulation

North Africa PostComments Off on Crypto winter: in wake of FTX’s collapse, Africa’s crypto community calls for urgent regulation

The recent collapse of FTX exchange platform has sent shockwaves around the world, taking with it billions of investors’ money, including in Africa where crypto investors are now taking stock of their own losses. While some users in the United States and the Bahamas were able to withdraw their funds before the full crisis hit, […]