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Premium on Naira Banknotes: Central Bank Condemns, Urges Action Against Illegal Currency Dealers
19.3.2025
The Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing practice in which illegal currency dealers charge a premium on local currency...
Solanafrica Scam: Hackers Breach Ghanaian President’s X Account
19.3.2025
Ghanaian President John Mahama announced on March 18 that he has regained full control of his X (formerly Twitter) account from hackers who used it to promote a fraudulent cryptocurrency scheme. Two-Factor Authentication Not Enough The president’s post announcing the restoration of the account came...
South African Parliament’s Social Media Accounts Hacked to Promote Fake Crypto
18.3.2025
Hackers recently breached the South African Parliament’s social media accounts, including X, Facebook, and Youtube, to promote a fake cryptocurrency named after President Cyril Ramaphosa. Fake Token Created 24 Hours Before Breach On March 15, the hacked social media accounts of the South...
De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade
14.3.2025
An African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by...
MTI Co-Mastermind Clynton Marks Arrested Over Unanswered Questions
13.3.2025
One of the alleged co-masterminds of the South African bitcoin Ponzi scheme MTI has been detained for failing to provide a satisfactory explanation for the disappearance of bitcoins from his account. Marks’ Answers Unsatisfactory Clynton Marks, one of the alleged masterminds of the South...
Regulatory Hurdles Fail to Deter Binance’s Popularity in Nigeria
11.3.2025
Binance has been identified as the top cryptocurrency exchange for Nigerians due to its strong peer-to-peer (P2P) marketplace, which facilitates trading using local payment methods. Binance Stands out Despite Ongoing Dispute With Nigerian Officials Binance has been ranked the number...
Rwanda Unveils Draft Law to Regulate Virtual Assets, Providing Clarity and Oversight
11.3.2025
Rwanda has taken a significant step towards regulating digital asset transactions by unveiling a draft law governing virtual assets. Addressing FATF Concerns Rwandan regulators recently unveiled a draft law regulating virtual assets in the African country. The release of the draft, which identifies...
VALR Founder: Bitcoin’s History of Value Appreciation Makes It an Ideal Treasury Asset
9.3.2025
Farzam Ehsani, CEO of VALR, argue that Bitcoin’s decentralized and limited supply make it an attractive hedge against inflation and currency risk. Bitcoin a Hedge Against Currency Depreciation As South African firm Altvest Capital makes headlines as the first publicly traded company to adopt...
Nigeria’s Crypto Clampdown: Binance Users Blocked From Crypto Giveaway Programs
6.3.2025
Binance’s battle with the Nigerian government has taken a new turn, as users in the West African country are now blocked from participating in airdrop campaigns. Users Told Service No Longer Available Weeks after Binance’s battle with the Nigerian government reignited, users of...
Ghana’s Central Bank Cancels Costly Gold-for-Oil Barter Scheme Amid Massive Losses
6.3.2025
Ghana’s gold-for-oil barter scheme has been halted by the central bank, according to Bank of Ghana Governor Johnson Asiama. Stabilizing Foreign Exchange Markets The Ghanaian central bank has suspended a barter trade scheme in which it swapped gold for oil, according to a report. Johnson...
IMF: Namibia Has No ‘Compelling Rationale’ for Retail CBDC
6.3.2025
The International Monetary Fund recently concluded that Namibia should not issue a retail central bank digital currency at this time. Namibia Lacks Resources to Pursue CBDC The International Monetary Fund (IMF) mission to Namibia recently concluded that there are no compelling reasons for...
Report: Morocco Launches Investigation Into Crypto-Enabled Foreign Property Purchases
4.3.2025
Morocco has launched an investigation into residents suspected of using cryptocurrencies to buy properties abroad without approval. Global Exchanges Fingered The Moroccan Foreign Exchange Office has reportedly launched an investigation into residents suspected of buying properties abroad using...
Tether Unveils Plan to Bring Green Energy to Africa
3.3.2025
Tether CEO Paolo Ardoino explained that the concept involves the installation of solar-powered kiosks in Africa to recharge batteries, with payments made through a monthly subscription in bitcoin, USDT, or local currency. Tether Plans to Enter the Retail Battery Charging Business in Africa Tether...
Coinbase Expands Into Nigeria With Onboard Global Partnership
27.2.2025
Coinbase has partnered with Onboard Global to offer Nigerian users secure and efficient cryptocurrency trading. Shielding Coinbase from Regulatory Risk Coinbase and Onboard Global have partnered to provide secure and efficient cryptocurrency trading for Nigerian users. The collaboration enables...
Bitget Enables South African Rand Deposits and Withdrawals via Callpay
26.2.2025
Bitget, a Seychelles-based crypto exchange, has partnered with Callpay to enable South African Rand (ZAR) deposits and withdrawals. Streamlining Fiat-Crypto Transactions The Seychelles-based cryptocurrency exchange Bitget announced Feb. 25 that it had integrated with the payment solutions provider...
Study: South Africa’s DeFi Market Volume Set to Hit $180M by 2028
25.2.2025
A South African study reveals growing DeFi adoption, projecting $2.8 million in volume by the end of 2025, primarily driven by retail customers. FSCA to Focus on Stakeholder Engagement According to a study conducted by South Africa’s Financial Sector Conduct Authority (FSCA), decentralized finance...
South African Firm Altvest Capital Adds Bitcoin to Treasury
23.2.2025
A South African investment firm, has invested in bitcoin as a treasury strategy, aiming to bolster financial resilience and shareholder value. Altvest Capital to Invest Only in Bitcoin A South African alternative investment firm, Altvest Capital Ltd., announced its first investment in bitcoin (BTC)...
Bitcoin Treasury Bandwagon Reaches Africa as Altvest Jumps on Board
21.2.2025
The South African alternative investment firm has bought one bitcoin
Nigeria Eyes Crypto Tax Revenue
19.2.2025
Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commission (SEC) has announced it is working to bring...
Tether Partners With Guinea to Drive Digital Transformation and Economic Growth Through Blockchain Technology
18.2.2025
Tether, the largest stablecoin company, announced the signing of a Memorandum of Understanding (MoU) with the Republic of Guinea on February 17, aimed at accelerating the country’s digital transformation and economic growth through blockchain technology. This strategic partnership will focus...