Blockchain.com to Expand Across Africa as Crypto Regulation Begins to Take Shape
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.
“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…
