Week in Review: Ghana's Exchange Licensing, Luno's New Feature in Nigeria, and DRC's Blockchain Integration
This week in African crypto news, Ghana prepares to license crypto exchanges, Luno rolls out new staking features in Nigeria, and the DRC adopts blockchain for diploma verification.
Overview
In the most recent updates from the African crypto scene, Ghana is set to enforce licensing for crypto exchanges by September 2025, as Luno unveils new crypto staking services for users in Nigeria. Furthermore, the Democratic Republic of Congo (DRC) has initiated an innovative e-diplôme platform that leverages blockchain technology for diploma verification.
Ghana’s Crypto Exchange Licensing
Ghana’s Bank intends to begin issuing licenses for crypto exchanges following the approval of a related regulatory framework in parliament. Governor Johnson Asiama emphasizes that this initiative will enhance cross-border trade and draw strategic investments into Ghana.
“JUST IN: 🇬🇭 Ghana to officially license and regulate crypto platforms”
Translation: “Confirmed: Ghana will officially regulate crypto exchanges.”
This decision aligns with the regulatory trajectory of several other African nations working to adhere to international guidelines set by regulators like FATF.
Luno’s New Staking Services in Nigeria
Luno has recently launched a staking service, enabling Nigerian users to earn returns of up to 18% on select cryptocurrencies, including Cosmos and Solana. Ayotunde Alabi, Luno’s CEO, noted the need for sustainable investment options among users, indicating a shift away from speculation towards value building through holding assets.
“We’ve evolved beyond speculation in hopes of earning rewards”
Translation: “We are moving beyond just trading for profit.”
DRC’s Blockchain Diploma Verification
On July 18, the DRC unveiled its e-diplôme platform, utilizing blockchain for real-time diploma verification. Minister Patrick Muyaya Katembwe highlighted that this marks a significant advancement towards a modernized education system in the DRC.
“This major step toward transparency, modernization, and digital sovereignty…”
Translation: “This is an important move for transparency and modernization in education.”
Conclusion
These advancements signify major strides in the realm of cryptocurrency and blockchain technologies in Africa, with various countries forging paths towards better regulation and innovative applications.
