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Forex Strapped Nigeria Designates Crypto Assets as Securities


The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s...

Binance Takes The Largest Piece of Crypto Activity Pie in Africa


Africa’s on-chain cryptocurrency activity has consolidated onto the ten largest services in the region by volume over the course of the last year, with "a large portion of that activity" going to Binance, according to blockchain and analytics specialist Chainalysis. The ten largest...

Crypto-Friendly Banking Platform Cashaa Expanding in India, US, Africa


Crypto banking platform Cashaa has unveiled plans to expand its services in India, the U.S., Africa, and the Caribbean. In India, the company aims to create “the first crypto-friendly banking platform” that is regulated by the central bank, the Reserve Bank of India (RBI)...

South Africa Might Impose Tighter Crypto Taxes Rules - Auditor


The South African Revenue Service (SARS) could bring in stricter taxes for the country’s cryptoasset holders in the near future, potentially hampering the development of an industry that has emerged as Africa’s biggest, analysts claim. Wiehann Olivier, a partner in the auditing division...

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