Licensed Crypto-Fiat Infrastructure Provider Encryptus Soft Launches in TechHub Kenya

VILNIUS, LITHUANIA / ACCESSWIRE / February 19, 2023 / Encryptus, a licensed and compliant crypto-fiat trading platform, is thrilled to announce its soft entry into the African Continent, starting with Kenya.

Encryptus will mark their exploratory journey in the upcoming Africa Tech Summit in Nairobi, Kenya. As a trailblazer in the crypto industry, Encryptus is dedicated to providing crypto and non-crypto companies its infrastructures for Crypto < > Fiat; including Compliances, Coin Monitoring, Fiat and Crypto Liquidity via API to enable institutions to plug into their ecosystem. The fiat services would only be available via Bank wires to KYCed users only.

Encryptus is licensed as a VASP (Virtual Assets Service Provider) in Lithuania and Licensed as a “Proprietary Trading in Crypto Commodities” trading desk in Dubai, UAE.

Africa Pushing Through to the Global Scale

Africa has been a rapidly growing market for international companies and is attracting many global corporations to the continent, such as Amazon, Google, and Uber. In the crypto ecosystem, Cardano’s founding partners EMURGO and IOG have built a considerable presence in Africa along with CELO Foundation and LBank Exchange.

With the rise of digital assets and cryptocurrencies, regulations for digital assets are becoming increasingly important in Africa. In recent years, there has been a growing demand for cryptocurrencies and digital assets in Africa, leading to a need for regulations to ensure the security and stability of these investments.

The African startup scene has also seen significant rise, with a record $5.4 billion raised in 2022, according to a report by Briter Bridges. Startups in Nigeria, Kenya, South Africa, and Egypt accounted for 75% of all funding in 2022. This highlights the growing potential of the African startup scene and the increasing number of investors who are taking an interest in this market.

Crypto adoption in Africa has also been expanding in recent years. According to Chainalysis, Africa has the fastest-growing crypto market in the world.

Encryptus is well integrated with Industry leaders for self custody, coin monitoring and KYC providers for compliant onboarding. The Institutions can make use to the infrastructure by simply plugging into the Encryptus APIs. Encryptus services are also available on their platform for HNWIs and Institutions who simply want to use their services.

Encryptus will mark their soft launch at one of the largest African Tech event; “Africa Summit in Nairobi”

Encryptus’s Founder & CEO, Shantnoo Saxsena will also be sharing the stage with some industry leaders from Polygon, CELO Foundation and Nestcoin. When asked for comments for why Encryptus chose Africa, Shantnoo replied ” I started my crypto journey with a Kenyan startup in 2016. The Kenyan ecosystem is getting exciting and we have the right infrastructure ranging from Compliance to Fiat and Crypto Liquidity to empower other potential partners to build on top of our ecosystem. Encryptus is in the exploratory stage, but we are committed to bring innovative Crypto < > Fiat on-ramps and off-ramps solutions to the Kenyan ecosystem. The fiat and cryptos must coexist and we will work with the regulators and the banks to build the infrastructure together”


Please free to contact for any queries.

SOURCE: Encryptus

Central African Republic: Overview of incidents affecting humanitarian workers (January 2023)

The civilian population continues to be victim of tensions and armed violence in the Central African Republic. In January 2023, humanitarian personnel and assets were affected by 13 incidents. The number of incidents recorded this month correspond to the average trend observed during the last four months. Of the 13 incidents, 12 were theft, including one robbery of a humanitarian team during which two staff members were physically attacked. The Prefectures of Ouham (62% per cent) remains the most affected since January 2022.

Source: Voice of America

Lord Tariq Ahmad visits Al Fateh Mosque

Manama, The British Foreign, Commonwealth and Development Office (FCDO) Middle East, North Africa, South Asia and United Nations State Minister Lord Tariq Ahmad of Wimbledon visited the Ahmad Al Fateh Islamic Center.

Lord Tariq was briefed on the center’s history, establishment and inscriptions in the old Islamic character.

Al Fateh Mosque is one of the largest mosques in the region, encompassing 6,500 square meters and having the capacity to accommodate over 7,000 worshippers at a time.

The dome, weighing 60 tons, is the largest fiberglass dome in the world. The doors are made of teakwood from India.

The library of the center has around 7,000 books, some older than 100 years.

The mosque, named after Ahmed Al Fateh, the first ruler of Bahrain, was built by the late Shaikh Isa bin Salman Al Khalifa in 1987.

Source: Bahrain News Agency

Congo Opposition Parties Say Voter Registration Flawed, Favors Ruling Coalition

Some opposition candidates in Democratic Republic of Congo have raised the alarm over delays and alleged irregularities in a voter registration drive that they say is being conducted to their disadvantage ahead of a general election in December.

Over 50 million Congolese voters are meant to be registered by March 17, but the CENI election commission on Friday said an unspecified number of centers in the first registration zone of 10 provinces that includes the capital Kinshasa had missed an interim deadline that had already been extended by 25 days.

“They will be granted a catch-up period,” CENI rapporteur Patricia Nseya said in a statement that cited operational difficulties without giving further detail.

A further 24 centers in Kinshasa province and an unspecified number of centers in Mai Ndombe province had not opened because of security issues, it said.

An internal CENI document seen by Reuters showed that 779 of the first zone’s 9,200 registration centers were closed or not operational as of Feb. 1 and only 52% of forecast voters were registered.

“There are centers that existed in the electoral commission’s map that are not open and others that are open when they should not be,” said opposition candidate Martin Fayulu, who came second in the last election.

“There have been many problems with the power sources of the machines and delays in the delivery of kits, solar panels, cables,” he told Reuters on Thursday, accusing the CENI of “organizing electoral chaos to prepare for fraud.”

Alleged irregularities, including faulty voting machines and delays opening some polling stations, marred the last presidential vote in 2018 which Fayulu still claims he won by a landslide.

He and fellow candidate Moise Katumbi told Reuters they believed the CENI was prioritizing registering voters in areas loyal to President Felix Tshisekedi like his home region of Kasai.

“There are more enrolment machines in Kasai than in other more populated areas like Katanga,” said Katumbi, a businessman and former governor of wealthy Katanga province, who announced his candidacy in December.

Three Congolese and international electoral experts, speaking to Reuters on condition of anonymity, also said they had noted a discrepancy between the number of registration kits available in pro-Tshisekedi and opposition areas.

The CENI last week said it would respond to a Reuters request for comment on the allegations, but it had not replied as of Monday.

On Friday, the influential electoral observation mission of the Catholic and Protestant churches, said it hoped “the electoral commission could find a calm moment to clarify the situation of the registration centers that our observers have not been able to find on the ground.”

The mission has reported more than 200 incidents in the last two weeks, such as delays in the arrival of equipment and malfunctions that prevented the registration of voters.

Source: Voice of America