{"id":105907,"date":"2025-10-19T09:00:35","date_gmt":"2025-10-19T09:00:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=105907"},"modified":"2025-10-19T09:00:35","modified_gmt":"2025-10-19T09:00:35","slug":"africa-crypto-news-week-in-review-absa-and-ripple-join-hands-central-bank-of-ghana-crypto-regulations-blockchain-com-seeks-license-in-nigeria","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=105907","title":{"rendered":"Africa Crypto News Week in Review: ABSA and Ripple Join Hands, Central Bank of Ghana Crypto Regulations; Blockchain.com Seeks License in Nigeria"},"content":{"rendered":"

One of the largest banks in Africa, ABSA Bank, is partnering with Ripple to provide custodial services on the Ripple blockchain. This announcement is another significant moment in mainstream financial institutions\u2019 crypto adoption.<\/span><\/p>\n

The central bank intends to roll out crypto regulations in Ghana by December. Ghana is joining several major countries on the continent in enacting similar legislation. <\/span><\/p>\n\n

Meanwhile, Blockchain.com is seeking a crypto exchange license from Nigeria\u2019s Securities and Exchange Commission. This decision comes weeks after the platform chose Nigeria as its regional hub.\u00a0\u00a0<\/span><\/p>\n

Let\u2019s look at these stories making continental headlines this week:<\/span><\/p>\n

South Africa Crypto News: ABSA Bank partners with Ripple<\/span><\/h2>\n

South African banking giant ABSA Bank is <\/span>partnering<\/span><\/a> with Ripple to allow users to store crypto and digital assets on the Ripple blockchain. This move is another significant embrace of crypto by mainstream finance institutions. <\/span><\/p>\n

ABSA customers can now store crypto on Ripple and have integrated tools to manage their digital assets.<\/span><\/p>\n

JUST IN: Ripple expands global custody footprint into Africa through new collaboration with Absa Bank. pic.twitter.com\/jbu1d8OQQ4<\/a><\/p>\n

\u2014 Whale Insider (@WhaleInsider) October 15, 2025<\/a><\/p>\n\n

Reece Merrick, Ripple\u2019s managing director for the Middle East and Africa, said the partnership is a \u201cmajor shift\u201d and underscores their commitment to unlocking <\/span>crypto\u2019s potential<\/span><\/a>.<\/span><\/p>\n

\u201cAfrica is experiencing a major shift in how value is stored and exchanged, and our partnership with Absa underscores Ripple\u2019s commitment to unlocking the potential of digital assets on the continent.\u201d <\/span><\/p>\n

The bank is betting on the young, digital asset-friendly customer base to embrace this usage. Established institutions like ABSA are banking on such partnerships to target a broader demographic and keep up with finance trends.<\/span><\/p>\n

DISCOVER: <\/span>20+ Next Crypto to Explode in 2025<\/span><\/a><\/strong>\u00a0<\/span><\/p>\n

Ghana Crypto News: Central Bank to Introduce Regulations by December\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><\/h2>\n

The Central Bank of Ghana (CoG) <\/span>intends<\/span><\/a> to roll out crypto regulations by December 2025. Ghana is joining similar trends on the continent, with countries like Nigeria and Kenya having recently enacted crypto legislation.<\/span><\/p>\n

We should be able to regulate cryptocurrencies in Ghana by end of December\u2026 \u2013 Dr. Johnson Asiama (BoG Governor)#GHOneNews<\/a> #EIBNetwork<\/a>#GHOneTV<\/a> #NewsAlert<\/a> pic.twitter.com\/PDhAyFyzGy<\/a><\/p>\n

\u2014 GHOne TV (@ghonetv) October 16, 2025<\/a><\/p>\n\n

CoG Governor Johnson Asiama gave the timeline at a recent IMF event. He explained the rationale for the legislation as follows: <\/span><\/p>\n

\u201cWe have put together the regulatory framework and have a new bill to regulate virtual assets. That bill is on its way to parliament. Hopefully, before the end of December, we will be able to regulate cryptocurrencies in Ghana.\u201d<\/span><\/p>\n

Given the growing size of <\/span>crypto markets<\/span><\/a> globally,\u00a0 regulation is receiving increasing attention. The amount of money flowing into the crypto, buying some of the best coins like Solana or Cardano, is in the billions. As such, regulators want to have visibility on this movement.<\/span><\/p>\n

\n
\n
\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
Market Cap<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
\n
\n\t\t\t\t