Kenya's crypto regulations face scrutiny, while a Nigerian musician criticizes cryptocurrency.
Nigeria to launch Africa's first AI university, Wini Institution, in Lagos to boost tech skills and innovation.
Africa's crypto scene is booming! Ethiopia leads in Bitcoin mining, while Nigeria focuses on supportive crypto laws. Can blockchain drive sustainability?
Nigeria's SEC chief warns virtual asset services about potential license rejections, amidst tightening Bitcoin regulations.
The Nigerian SEC warns crypto license hopefuls: meet requirements or face rejection. The regulator emphasizes the need for compliance among virtual asset service providers. The Director-General highlights that many applicants aren't meeting the necessary standards, prompting a call for stakeholder feedback.
Stablecoins are shaking up economies with massive inflation, offering a stable alternative to volatile local currencies. They enable efficient payments and financial inclusion, especially in Africa and Latin America. While CBDCs emerge as potential competitors, stablecoins and CBDCs might coexist, transforming financial landscapes with security and global access.
Binance's Tigran Gambaryan was detained in Nigeria for eight months, underscoring global crypto regulation issues. Legal battles and enforcement challenges emerge as crypto continues to grow worldwide.
Binance executive Tigran Gambaryan was held in Nigeria for 8 months while U.S. officials worked to free him.
China and Nigeria are sticking together, renewing their $2 billion currency swap deal. Trump's warning about dedollarization doesn't seem to be causing them any concerns. This move is all about strengthening financial ties and promoting their local currencies.
Africa's crypto scene is buzzing! Nigeria cracks down on scammers, Kenya dives into mining, South Africa's looking at growth by 2025, meanwhile, Ethiopia's saying no to crypto transactions. It's a whirlwind of crypto happenings across the continent.
BIS has proposed retail CBDC architecture. Countries like Jamaica, Nigeria, China, Sweden, the Bahamas, and Peru are developing CBDC programs.
Nigeria's SEC updates rules to control crypto influencers and ensure compliance by virtual asset providers, protecting investors.
Nigeria's SEC is cracking down on crypto marketing rules, targeting social media influencers to stop unregulated promotions.
Facebook gets a temporary win as a Nigerian court halts a $38.55 million fine. The dispute involves alleged violations by Facebook Nigeria Operations Limited. A judge issued the restraining order after Facebook's legal action.
The Nigerian EFCC nabbed 792 folks in a huge crypto romance scam sting. They tracked these scams back to some foreign masterminds. This bust involved raiding a suspected hub in Nigeria, showing just how deep these crypto cons go. Stay alert, folks!
Bitcoin seized from a scam has tripled in value! Victims of a $1M Nigerian fraud might finally recover their losses, thanks to the soaring cryptocurrency.
Huge crypto scam busted in Nigeria! Nearly 800 scammers tricked European and American victims with fake romantic fronts to grab investments.
Nigeria's EFCC nabs around 800 people tied to a huge crypto romance scam. They found tons of SIM cards, hinting at a big operation. This crackdown shows Nigeria's getting serious about fighting crypto crimes.
Nigeria has arrested nearly 800 individuals involved in crypto scams as part of its crackdown on illegal crypto activities.
Nigerian authorities cracked down on a crypto-romance scam, arresting 792 individuals linked to it.
Nigeria's EFCC nabbed 792 people involved in a massive crypto romance scam operation.
Nigeria's anti-corruption agency busts a major crypto scam, arresting 792 people in Lagos for romance scams. This trend is worrying on a global scale.
Nigeria's anti-corruption agency nabbed 792 suspects linked to a crypto romance scam in Lagos. This major bust highlights the continuing scourge of fraud in the crypto world.
This week in Africa's crypto sector, a former Twitter founder attended a Bitcoin conference in Nairobi, Nigeria saw a surge in wallet adoption, and Bybit announced its expansion plans. These developments highlight heightened crypto interest in the region.
A Consensys survey highlights that half of the populations in Nigeria, South Africa, Vietnam, the Philippines, and India own crypto wallets, indicating strong adoption in these emerging markets.
A recent study indicates 93% of Nigerians are eager to invest in cryptocurrency, showcasing heightened interest across emerging markets, such as South Africa, the Philippines, India, and Indonesia.
The Nigerian SEC is exploring blockchain to enhance trust in capital markets, believing it is key to bridging current gaps.
This week, Africa's crypto scene saw Bitcoin's $100k achievement. Luno is expanding its offerings in South Africa, while Yellow Card focuses on Nigeria after raising over $8 million.
Coinbase-backed Yellow Card is seeking a license in Nigeria after achieving regulatory success in South Africa, where it obtained a Crypto Asset Service Provider license.
Bitmama, a Nigerian crypto exchange, has paused its virtual Mastercard services temporarily due to provider issues. This reflects a broader trend among African fintechs facing card service challenges like fluctuating exchange rates and chargeback fraud.
The EFCC has altered its $35.4 million money laundering case against Binance and Nadeem Anjarwalla, accusing them of unauthorized financial activities and breaches of Nigeria's foreign exchange laws.
Coinbase is exploring a partnership with Kenya's Safaricom to integrate blockchain technology into M-PESA, aiming to boost crypto adoption in Africa, focusing on Kenya and Nigeria.