Binance increases accessibility across Africa

Education will also be of paramount importance to drive widespread understanding, trust and adoption of cryptocurrencies by customers and merchants alike.

The families say they don’t feel that enough is being done to get them out, or at least the embassies' are not communicating directly with them.

In ordering the crypto exchange to stop operations, Nigeria’s Securities and Exchange Commission warns local investors that investing in crypto-assets is risky and may result in total loss of their investment.

Binance says cryptocurrencies are a safe investment option, as they can cushion consumers against depreciating currencies.

This expansion aims to bolster Binance’s presence on the continent, where cryptocurrencies have seen a lot of interest and adoption in recent years.

Full-scale transformation of the industry, while inevitable, is also likely to be gradual says Hannes Wessels, Country Head: Binance South Africa.