Africa Crypto News Week in Review: ABSA and Ripple Join Hands, Central Bank of Ghana Crypto Regulations; Blockchain.com Seeks License in Nigeria

ABSA Bank, one of the largest banks in Africa, is collaborating with Ripple to provide custodial services on the Ripple blockchain. This announcement is another important moment in the adoption of cryptocurrencies at major financial institutions.

The central bank intends to roll out cryptocurrency regulations in Ghana by December. Ghana joins many major countries on the continent in enacting similar legislation.

Meanwhile, Blockchain.com is seeking a cryptocurrency exchange license from the Nigerian Securities and Exchange Commission. This decision comes weeks after the platform chose Nigeria as its regional hub.

Let’s take a look at these stories that made continental headlines this week:

Cryptocurrency News in South Africa: ABSA Bank Collaborates with Ripple

South African banking giant ABSA Bank Partnership With Ripple to allow users to store cryptocurrencies and digital assets on the Ripple blockchain. The move marks another significant embrace of cryptocurrencies by major financial institutions.

ABSA customers can now store cryptocurrencies on Ripple and have integrated tools to manage their digital assets.

Only in: Ripple is expanding global custody to Africa through new collaboration with Absa Bank. pic.twitter.com/jbu1d8OQQ4

– Whale Insider (@WhaleInsider) October 15, 2025

Rhys Merrick, Managing Director of Ripple in the Middle East and Africa, said that the partnership represents a “major transformation” and underscores their commitment to unleashing… Encryption capabilities.

“Africa is witnessing a significant shift in how value is stored and exchanged, and our partnership with Absa underscores Ripple’s commitment to unlocking the potential of digital assets on the continent.”

The bank is betting on its digital asset-friendly young customer base to embrace this use. Established organizations like ABSA rely on such partnerships to target a broader demographic and keep up with financial trends.

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Cryptocurrency News in Ghana: Central Bank to introduce regulations by December

Central Bank of Ghana (CoG) He intends to roll out cryptocurrency regulations by December 2025. Ghana joins similar trends on the continent, where countries like Nigeria and Kenya have recently enacted cryptocurrency legislation.

We should be able to regulate cryptocurrencies in Ghana by the end of December… – Dr. Johnson Asiamah (Governor of the Bank of England)#GHOneNews #EIBNetwork#GHOneTV #News Alert pic.twitter.com/PDhAyFyzGy

– GHOne TV (@ghonetv) October 16, 2025

CoG Governor Johnson Asiamma presented the timeline at a recent IMF event. The justification for the legislation is explained as follows:

“We have put together the regulatory framework and have a new draft bill to regulate virtual assets. This bill is on its way to Parliament. Hopefully, before the end of December, we will be able to regulate cryptocurrencies in Ghana.”

Due to the increasing size of Crypto markets Globally, regulation is receiving increasing attention. The amount of money flowing into cryptocurrencies, to buy some of the best coins like Solana or Cardano, runs into the billions. As such, organizers want to have a clear vision for this movement.

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Cryptocurrency News in Nigeria: Blockchain.com seeks regulatory license

Blockchain.com is an international crypto platform Strive Cryptocurrency exchange license from the Nigerian Securities and Exchange Commission (SEC). This move comes weeks after the platform chose Nigeria as its regional hub.

Nigeria is an important market and compliance is key to its operations, said Oyenez Odia, General Manager, Africa at Blockchain.com.

“Nigeria is a very important market for Blockchain.com. Compliance is fundamental to how we operate. We engage regulators openly, and in Nigeria, we have met with the Securities and Exchange Commission and applied for the appropriate license.”

Blockchain.com already holds licenses in multiple jurisdictions and is looking to streamline its operations in Nigeria. The country passed a securities law earlier this year requiring fintech institutions to comply with specific requirements, including licensing.

The crypto financial services company also intends to build trust with the country’s commitment to cryptocurrencies and demonstrate commitment to long-term participation in this market.

They are also setting up a physical office in Nigeria that will serve as a regional hub, enhancing customer engagement and partnerships.

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Africa Cryptocurrency News Week Review: ABSA and Ripple Join Forces, Central Bank of Ghana Cryptocurrency Regulations; Blockchain.com seeks license in Nigeria appeared first on 99Bitcoins.