WEST AFRICA 27/04/2020

BCEAO could prove a hurdle for rapper Akon's African cryptocurrency

Rapper Akon presenting his Akoin cryptocurrency at the Lisbon WebSummit in November 2019.
Rapper Akon presenting his Akoin cryptocurrency at the Lisbon WebSummit in November 2019. ©PEDRO NUNES/Reuters
The "revolutionary" Akoin cryptocurrency that the American rapper Akon is hoping to launch on the continent seems to pay little heed to Africa's existing regulations on digital currencies and may fall foul of African central banks, not least BCEAO. [...] (584 words)
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