RATE Group | Pan-African Organisation Launches Framework to Maximize Trade Using Cryptocurrency
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Pan-African Organisation Launches Framework to Maximize Trade Using Cryptocurrency

04 Nov Pan-African Organisation Launches Framework to Maximize Trade Using Cryptocurrency

Posted at 09:18h in Cryptocurrency News by

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Pan-African Organization Launches Framework to Encourage Cryptocurrency Trade

Emerging Markets

On Nov. 2, the African Digital Asset Framework (ADAF) launched with a mandate to promote cryptocurrency commerce within the continent. Co-founder Felix Macharia said ADAF is an open-source software platform to create cross-border standards for cryptocurrency and blockchain technology. It will also complement the African Union’s Single African Digital Market initiative, which leverages technology to stimulate digitized economic integration.

Also Read: Brazli’s Tax Authority Goes After Cryptocurrency Profits

‘Digital Assets Know No Borders’

Pan-African Organization Launches Framework to Encourage Cryptocurrency Trade

“ADAF was formed by organizations in the digital asset space who looked to harmonize standards and regulation in the space,” Macharia, who heads strategy at the Nairobi-based project, told…

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