Crypto Regulation: Nigerian SEC Raises Capital Requirement For Exchanges To N2 Billion

Nigeria, Africa’s most populous nation, is paying vast attention to its rapidly developing cryptocurrency industry marked by a string of new regulations. In the latest development, the Nigerian Securities and Exchange Commission (SEC) has shared a revised minimum capital for all regulated market entities, including operators in the digital asset market. Related Reading: Senators Signal […]

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Tether Joins the United Nations to Protect the African Digital Economy

Tether, in collaboration with United Nations, set to strengthen cybersecurity to protect digital assets, and support youth education regarding crypto in Africa.

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Tether and UN Collaborate to win the Digital Economy in Africa

Key Takeaways: Tether has collaborated with the United Nations office on drugs and crime (UNODC) in fighting fraud and cybercrime of digital assets in the African continent. The partnership helps The post Tether and UN Collaborate to win the Digital Economy in Africa appeared first on CryptoNinjas.

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Tether partners with UN’s drug control agency to boost cybersecurity in Africa

The partnership could enhance Africa's digital economy by improving cybersecurity, fostering financial transparency, and reducing crime. The post Tether partners with UN’s drug control agency to boost cybersecurity in Africa appeared first on Crypto Briefing.

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Atleta and Agbo Obinnaya Join to Bring Football and Web3 Together in Africa

Atleta Network joins Agbo Obinnaya to merge football and Web3 innovation in order to unlock digital opportunities and education for African players.

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How BlockTech under Alessio Vinassa is bridging East and West in the innovation economy

In a rapidly globalizing digital age, geography no longer defines possibility — but it still shapes opportunity. Recognizing this, Alessio Vinassa has positioned BlockTech to act as a connector between innovation ecosystems across East and West, linking regions from Southeast Asia and the Middle East to Europe and Africa. This bridging role expands far more […]

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Tether Invests in Katoni Pay to Elevate Digital Asset Infrastructure and Cross-Border Payments in Africa

Tether invests in Katoni Pay to expand Africa’s blockchain-powered payment infrastructure to enhance digital inclusion, liquidity, and cross-border payments.

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Ripple taps Absa to bring bank-grade crypto custody to South Africa

Ripple has partnered with South Africa’s Absa Bank to provide digital asset custody services, expanding its institutional custody network across Africa.

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Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

Binance Pay is now live across Zapper’s extensive payment infrastructure, turning everyday QR codes at over 31,000 merchants into crypto on-ramps. The move strategically positions digital assets at the heart of routine consumer spending. According to a blog post dated…

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Aptos partners with Yellow Card for gas-free stablecoin transfers across Africa

Aptos has been among the most active altcoin projects lately. Besides increased ETF conversations, it has upgraded its ecosystem by introducing Shelby, a decentralized protocol. Also, Aptos Labs CEO has joined the United States CFTC subcommittee to help shape digital asset regulations.

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Visa taps Yellow Card to accelerate stablecoin adoption in Africa

As FX pressure grips African economies, Visa is building new pipes for digital dollar flow, shifting away from traditional rails with stablecoin infrastructure aimed at speed, resilience, and access.

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Tether expands presence in Africa with investment in Shiga Digital

Tether has invested in pan-African blockchain solutions platform Shiga Digital, marking another step in its strategy to expand across the African continent. Fresh from another strategic investment in Chile-based crypto platform Orionx, with eyes on Latin America, Tether has announced…

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Blockchain.com eyes African expansion amid crypto rule changes

Blockchain.com appears to be betting on Africa’s crypto future, where regulations could transform a once-restrictive market. Crypto wallet and exchange platform Blockchain.com is reportedly looking to grow in Africa as some countries begin introducing regulations for digital assets, Bloomberg reports.…

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Luno’s Marius Reitz on Why Africa Is Ready for Crypto 2.0

Luno is pioneering Africa's crypto market by offering stablecoin solutions, regulatory compliance, and financial inclusion. Its pragmatic approach positions the exchange as a key player in the region’s evolving digital economy.

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From Skepticism to Adoption: The Evolving Crypto Landscape in South Africa

South Africa’s crypto scene has undergone a remarkable transformation in recent years. While many of the country’s citizens appreciated the appeal of digital assets from day one, the same cannot be said for TradFi players and regulators, whose initial skepticism largely mirrored that of their contemporaries in the West.

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Tando Was All The Rage At This Year’s Africa Bitcoin Conference

The app lets users pay any merchant in Kenya that accepts digital payments via M-PESA with bitcoin over Lightning.

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Russia proposes digital asset investment platform for developing markets

Russian President Vladimir Putin has proposed establishing a digital asset platform within the BRICS bloc, according to local media reports. The initiative aims to boost investment flows into emerging economies in South Asia, Africa, and Latin America and could provide new channels for capital in high-growth regions.

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Putin proposes BRICS digital asset platform to reshape investment in South Asia, Africa, and LATAM

Putin's proposed BRICS digital asset platform aims to boost investment in South Asia, Africa, and Latin America, enhancing market growth. The post Putin proposes BRICS digital asset platform to reshape investment in South Asia, Africa, and LATAM appeared first on Crypto Briefing.

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African economies show high potential for digital asset adoption

South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR.

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South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.

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South Africa Starts Issuing Crypto Licenses With Luno, Zignaly Among First Recipients

Regulators in the country have said they plan to authorize up to 60 digital asset firms by April.

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South Africa set to license 60 crypto firms by end of month, says report

South Africa’s Financial Sector Conduct Authority (FSCA) is on track to award licenses to 60 crypto firms, as reported by Bloomberg on Wednesday. The development underscores the country’s commitment to embracing digital currencies and ensuring a secure and regulated environment for their operation.

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BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.

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South Africa advances financial inclusion with crypto and digital payment reforms

South Africa announced plans to weave digital payments and crypto into its financial fabric to boost the economy for marginalized groups. The announcement was made in the country’s 2024 budget and underlines the government’s drive to build a digital economy through active collaborations between public and private sectors to enhance financial innovation.

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South Africa plans to use stablecoins and blockchain as a way to promote equality

South African authorities have revealed the treasury’s plan to promote the adoption of digital payments for marginalized groups. According to a treasury document published on Feb. 21, South Africa is considering stablecoins and blockchain as a way to improve the…

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Sergey Kondratenko: Regional differences and local markets for the digital payments industry

From 2018 to 2021, the world saw a noticeable increase in non-cash retail payments. Their volume increased by 13%. In emerging markets, growth was even higher at 25%. The fastest digital payment growth, as Sergey Kondratenko reported, occurred in Africa (Morocco, Nigeria and South Africa) and Asia.

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Nigeria’s Crypto Adoption Continues To Surge Amid Economic Challenges: Report

Nigeria, Africa’s most populous nation, has witnessed a burgeoning interest in digital currencies. According to a report, Nigeria’s recent spike in crypto usage can be attributed to economic conditions and the nation’s youth-driven technological resurgence.

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Central Bank Digital Currencies (CBDCs): Africa’s Bold Tryst with the Future

Africa's adoption of CBDCs isn't just a trend; it's a transformative push towards financial inclusion. As nations like Nigeria and Ghana lead, they're setting global standards in the evolution of digital currency.

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South Africa to mandate crypto exchange licenses by end of 2023: Report

South Africa reportedly becomes the first country on the continent to require digital asset exchanges to be licensed.

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Why Web3 Marketers Are Shifting Focus to Middle East, North Africa

The strategic shift of crypto Web3 marketers towards the MENA region is underpinned by growing digital payments, burgeoning crypto infrastructure, and the advent of Central Bank Digital Currencies (CBDCs), unlocking vast opportunities.

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Nigeria’s New Crypto Tax Policy Could Set The Tone For Africa’s Positive Web3 Relationship

The country’s 2023 budget is riddled with an 11 trillion naira budget deficit and 6 trillion naira debt service cost, so it is looking for new avenues to fund its budget, observers say. Nigeria has placed a 10% tax on digital asset profits in the latest Nations Finance Act 2022 amendment. The tax will include […]

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Kenya introduces 1.5% tax to crypto companies

Kenya announced that it would imply a 1. 5% tax to all commissions foreign crypto companies earn from their customers, according to a report by Business Daily Africa from Apr. 25. The new regulations include all foreign crypto exchanges that earn interest from facilitating buying and selling transactions of digital assets in Kenya, the Business Daily […] The post Kenya introduces 1.

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Machankura Lets Africans Use Bitcoin With Basic Mobile Phones

Bitcoin maximalist Kgothatso Ngako has brought global digital financial services to Kenya, South Africa and other countries where at least half of the population doesn’t have smartphones and reliable internet service.

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Russia will use Chinese yuan for transactions, avoiding sanctions

A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. 

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DPAT: Building African Crypto Hubs

Creative and ambitious entrepreneurs are determining Africa’s future by grabbing blockchain and cryptocurrency opportunities. The new crypto project DPAT, is at the forefront of this digital transformation, providing a platform to support the development of African crypto hubs that will help upcoming generations of African thought leaders to build sustainable and thriving economies.  Direct Property […]

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Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women

San Francisco, California, 8th March, 2023, Chainwire The initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse To celebrate International Women’s Day, Unstoppable Women of Web3 (Unstoppable WoW3), a diversity and education group on a mission to equalize […] The post Unstoppable Women of Web3 Leads Initiative to Provide Web3 and Metaverse Education for 6 Million African Women appeared first on CaptainAltcoin.

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Nigeria Set To Consider Bitcoin As A Legal Tender: Here’s All You Need To Know

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What does the BIS's report on CBDC development in Africa say?

The Bank for International Settlements (BIS) has conducted a survey of nineteen central banks from Africa. In doing so, it took a closer look at the development of central bank digital currencies (CBDThe post What does the BIS's report on CBDC development in Africa say? appeared first on AMBCrypto.

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eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary

Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on October 25, 2021, with President Muhammadu Buhari saying Africa’s first Central Bank Digital Currency (CBDC) would “increase remittances, foster cross-border trade, improve financial inclusion and enable the government […] The post eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary appeared first on CryptoSlate.

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One Year on, Has E-Naira Defeated the Private Crypto Adoption? Apparently Not

It has been one year since Nigeria launched Africa's first central bank digital currency (CBDC), but reports find that the response is all but overwhelming. The post One Year on, Has E-Naira Defeated the Private Crypto Adoption? Apparently Not appeared first on BeInCrypto.

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Coinbase Backed Mara Set To Introduce Crypto Wallet Service Across Africa

Many continents make impressive progress in the crypto space, and Africa is not left out. Many people and even businesses from Africa have plunged into crypto sphere. Gradually, digital assets are becoming a lucrative option in the continent.

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South Africa Classifies Crypto Assets as Financial Products

The move brings digital assets more under the purview of the country’s regulators.

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Bitpapa enters the Kenyan cryptocurrency market

In the face of the overall negative attitude toward digital assets on the part of financial regulators, P2P marketplaces became the platforms of choice across the entirety of Africa. As the world leadThe post Bitpapa enters the Kenyan cryptocurrency market appeared first on AMBCrypto.

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South African Firm Raises $150 Million To Introduce Crypto Water Tokens Dubbed H2ON

H2O Securities, an infrastructural firm based in South Africa, generated $150 million to introduce crypto water tokens. The company landed the funds from the investment of GEM Digital, a global investment company.

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Binance launches a Blockchain and Cryptocurrency Awareness Tour (BCAT) in Africa

As the adoption of digital assets continues to grow, there is also a growing… The post Binance launches a Blockchain and Cryptocurrency Awareness Tour (BCAT) in Africa appeared first on CoinJournal.

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Binance to launch Africa crypto awareness tour as adoption ramps up

BCAT Africa 2022 aims to increase crypto awareness on the continent at a time when more Africans are turning to digital assets.

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Fintech Company Centbee Launches Blockchain-Enabled UK – West Africa Remittances

At the Global Blockchain Convention in Dubai yesterday, Centbee announced that consumers living in the UK can send digital cash via the blockchain to their...

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Reprieve As Nigeria’s Regulator Issues Progressive Cryptocurrency Rules

The Securities Exchange Commission (SEC) of Nigeria has put out new rules that seek to regulate digital assets in the country, signaling the full acceptance of crypto assets in Africa’s most populous nation.

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Amber Group strengthens management team with Ehsan Haque as EMEA General Counsel

Amber Group, a leading global digital asset platform, is proud to announce the appointment of Ehsan Haque as its General Counsel for the Europe, Middle East and Africa region (EMEA). Amber Group’s latest appointment comes amid the company’s global expansion plans and its ambitious licensing and regulatory roadmap.

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