Will Blockchain.com Conquer Africa? Find Out! 🚀

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Imagine, if you will, a UK-born crypto giant—Blockchain.com—set on etching its digital footprint across the sunburned sands and bustling markets of Africa. Yes, dear reader, the torchbearer with aspirations grand enough to make the Sahara blush is eyeing Ghana, Kenya, and South Africa—where laws, like the weather, oscillate unpredictably but somehow include a dash of hope and regulation.

Owenize Odia, the man with a name as fragrant as a Nairobi marketplace—though perhaps less aromatic—is orchestrating this audacious expansion from the comfort of his office, soon to be complemented by a shiny, new Nigerian portal—because nothing screams “trust me” quite like a physical address in a land where crypto is still playing hard to get.

While the African continent’s legal stance on crypto vacillates between forbidden fruit and cautious acceptance, Nigeria’s recent law—an effort grand enough to cause a legislative blush—permits exchanges like Yellow Card Financial Inc. to seek licenses, or at least pretend they’re legal. Odia seems quite impressed, stating Nigeria is—horrors!—actually taking tangible steps towards clarity. Kenya, meanwhile, is busy pondering, and Ghana has even drafted rules—because nothing says progress like a pen and a paper trail, right?

And let’s not forget Bloomberg’s scoop: Odia’s number-one goal in these tumultuous waters? Securing a Nigerian license—because what’s more thrilling than navigating bureaucracy for a company valued at $14 billion? Maybe a Nigerian lottery, but the stakes are high enough here.

Also read: UK rolled out some cheesy new draft laws—because regulation is so last century.

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2025-05-27 15:19