On April 21, the Singaporean Blockchain Association signed a memorandum of understanding with five other countries across the Southeast Asian and Pacific regions. The aim was to create a consortium and promote education on blockchain and decrease cautiousness about cryptocurrency.
On April 2, Senegalese-American rapper, philanthropist and crypto enthusiast, Akon visited Uganda and met with the President and various entities to discuss possible business opportunities in various sectors. Is this a dream come true for the “One Africa, One Koin” that Akon is preaching?
The advent of cryptocurrency was not welcomed globally or by everybody with warm hands. There are many countries that have or tried to ban Bitcoin, but still continued using blockchain, the technology supporting cryptocurrency.
There are many countries and people that are embracing blockchain technology or using Bitcoin and other forms of digital currencies. But there are also those who don’t want to hear anything concerning the cryptocurrency business in their countries. What is the reason for such hostility?
Amidst global digitization, the cryptocurrency industry is constantly growing. Some countries remain alerted to the industry, while others create favourable conditions to take advantage of it to boost their economy.