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South African Crypto Platform Pins Hope on ‘Phased Asset Recovery’ Proposal
30.10.2023
A South African crypto investment platform has expressed hopes that an asset recovery proposal will result in users regaining access to funds blocked after its custody partner froze withdrawals. The crypto platform said it has also engaged regulators whom it hopes will help expedite resolution...
Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange
18.10.2023
The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s...
South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
5.10.2023
Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing...
Crypto Exchange Bybit Launches Derivatives Products in South Africa
4.10.2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local...
Report: Victims of South African BTC Scam Set to Receive Portion of Invested Funds
3.10.2023
Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected investors while the process itself is expected...
Study: Sub-Saharan Africa’s Bitcoin Transaction Volume Number One Globally, Data Indicates Shift Towards Stablecoins
23.9.2023
Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa’s...
Debunking Crypto Myths: An Analysis of Kenyan Interior Minister’s Crypto Activity and Terror Funding Argument
17.9.2023
Despite Kenyan Interior Minister Kithure Kindiki’s recent attempt to revive the old crypto terrorism funding narrative, evidence suggests that criminal elements primarily use conventional financial systems when transferring funds. Contrary to Kindiki’s claims, crypto transactions...
Report: Kenyan Subscribers Constituted 25% Worldcoin’s Global Total in July
4.9.2023
At some point in July, there were as many as 350,000 Kenya-based residents who had subscribed and shown interest in receiving Worldcoin’s crypto token. According to a Kenyan legislator, Worldcoin executives are now expected to appear before a parliamentary committee on Sept....
South Africa to mandate crypto exchange licenses by year-end: Report
5.7.2023
South Africa reportedly becomes the first country on the continent to require that digital asset exchanges secure licenses
Zambia Experiments with Technology to Regulate Cryptocurrency – Here's What You Need to Know
20.2.2023
Zambia has embarked on a mission to regulate crypto and is testing technology to do just that, the Ministry of Technology and Science announced.
According to the Technology and Science Minister Felix Mutati, the testing will be done through the Security Exchange Commission and Bank of Zambia. ...
Nigerian crypto exchange Roqqu receives European virtual currency license
12.1.2023
The move allows Roqqu to operate in 30 countries and broaden its services within one of the world's largest crypto markets
Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns
26.5.2022
Central African Republic (CAR) President Faustin-Archange Touadéra is readying to launch a new crypto project, dubbed Sango - the first crypto initiative that is designed to strengthen the country’s image as an emerging African crypto hub.
“For us, formal economy is no longer an option,”...
Crypto Exchange Binance Terminates Some Services in South Africa After Warning by Regulator
9.10.2021
Binance has announced that it is terminating some services in South Africa to comply with regulations. This move followed a warning issued by the South African financial regulator that Binance Group was not authorized to give any financial advice or render any intermediary services in the country....
African crypto exchange Yellow Card closes $15M Series A
27.9.2021
Africa has emerged as a bastion for cryptocurrency adoption. Venture capital is looking to capitalize on the growing trend
Nigerian Learning Institution Says It Now Accepts Crypto as Payment for School Fees
29.6.2021
A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at this decision after consulting...
Akon City 2: Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in Africa
11.4.2021
Another futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon...
South Africa Unveils New Crypto Rules as Usage Soars Exponentially
21.11.2020
The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South...
South Africa Proposes 30 Rules to Regulate Cryptocurrency
19.4.2020
South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They aim to be in compliance with the cryptocurrency standards set by...
CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet
2.11.2019
CEO of the Zimbabwean Golix cryptocurrency exchange allegedly lost the password to a Bitcoin cold wallet
South African Crypto Exchange Hits Milestone 3M Wallets, $5M Volume
10.9.2019
Major South Africa’s crypto exchange Luno continues growing, having operated more than $5 million worth of crypto in August