Blockchain.com, a cryptocurrency exchange and wallet provider, is expanding into parts of Africa where crypto regulation is beginning to solidify.
The company is focusing on Ghana, Kenya, and South Africa, and plans to open a physical office in Nigeria this quarter, citing it as its fastest-growing market in West Africa, Bloomberg reports.
Nigeria recently passed a new investment and securities law, which includes provisions for licensing and regulating cryptocurrency exchanges.
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“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” said Owenize Odia, Blockchain.com’s general manager for Africa. “Applying for a crypto-exchange license in Nigeria is a top priority.”
Other countries are also laying the groundwork. The Bank of Ghana released draft guidelines last year . Kenya, meanwhile, is still in the research phase to further understand the asset class.
The move comes after earlier this year Blockchain.com took a new step towards a potential initial public offering (IPO) through new executive appointments.
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That comes as Circle Internet group, the firm behind the USDC stablecoin, filed for an IPO on the New York Stock Exchange as an increasing number of crypto firms look to go public.
Read more:Stablecoin Giant Circle Files for IPO on NYSE
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💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
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Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
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💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
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Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
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💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!