Nigeria Details Rules for Foreign Crypto Firms, Digital Asset Marketing

Under a recently passed law, the Nigerian Securities and Exchange Commission’s expanded mandate now includes regulating virtual assets, cryptocurrencies, and tokens as securities. Nigeria’s Landmark Digital Asset Legislation Nigeria is positioning itself at the forefront of digital asset regulation in Africa with the recently passed Investments and Securities Act (ISA 2025). This landmark legislation, according … Read more

Ghana Moves to License Crypto Firms, Citing Revenue and Oversight Goals

The Ghanaian central bank is set to introduce a draft regulatory framework for licensing digital asset companies by September. Acknowledging Crypto’s Enduring Presence The Ghanaian central bank has reiterated its goal to license digital asset companies, stating that a draft regulatory framework to oversee them is set to be tabled in the nation’s parliament by … Read more

While the West Chases Memecoins and ETFs, Africa is Building Blockchain Resilience

In Western Europe and North America, decentralised finance, referred to in common terms as DeFi, is largely seen through the lens of investment. The following guest post/opinion editorial was written by Kamal Youssefi, President of The Hashgraph Association. How Blockchain Can Replace Broken Financial Systems Asset managers involved in DeFi are promoting products that include … Read more

Akon’s Futuristic Crypto City Officially Terminated

The Akon City project, a high-profile initiative by singer Akon, has been officially terminated following an agreement between Akon and a state owned enity. Akon City Terminated Amidst Construction Delays The futuristic crypto-themed Akon City project, a high-profile initiative from Senegalese-American singer and entrepreneur Akon, has been officially terminated. Akon and the Senegalese Coastal Development … Read more

Tether Signs MoU to Advance Financial Inclusion in East Africa

Stablecoin issuer Tether has partnered with the Zanzibar e-Government Authority (eGAZ) to advance digital asset education and drive financial innovation in developing regions. Advancing Financial Literacy Stablecoin issuer Tether has signed a pivotal Memorandum of Understanding (MoU) with the Zanzibar e-Government Authority (eGAZ) to advance digital asset education and financial innovation across developing regions. Tether … Read more

Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform

The Pan-African Payment and Settlement System has officially launched a currency marketplace aimed at reducing reliance on the U.S. dollar for intra-African trade. No Hard Currency Involved The Pan-African Payment and Settlement System (PAPSS) has launched the African Currency Marketplace, a major step toward reducing reliance on the U.S. dollar for intra-African trade settlements. This … Read more

Africa’s Stablecoin Boom: An ‘Economic Lifeline’ for Emerging Markets

The founder of an African stablecoin association said he supports BitMEX founder Arthur Hayes’ claim that one-third of Nigeria’s GDP is conducted in USDT. He emphasized that stablecoins are a vital economic lifeline for emerging markets and marginalized communities. Stablecoins an Economic Lifeline A founder of a Nigerian stablecoin platform has backed BitMEX founder Arthur … Read more

‘Pump-and-Dump’ Alert: Nigeria Cracks Down on Meme Coins

The Nigerian securities regulator has issued a warning against Zugacoin and Samzuga GPT, labeling them as unauthorized crypto operations. Memecoins Tied to Pump-and-Dump Schemes The Nigerian Securities and Exchange Commission (SEC) has issued a public warning, labeling Zugacoin and Samzuga GPT as unauthorized crypto operations. The commission stated that the promoters and issuers of these … Read more

Tether’s CEO: Stablecoins Are Key to Financial Transformation in Africa

Tether has made a strategic investment in a pan-African blockchain financial solutions provider to enhance cross-border payments and global liquidity for African businesses. Stablecoins: The Heartbeat of Financial Transformation Stablecoin issuer Tether announced June 5 that it had made a strategic investment in Shiga, a pan-African blockchain-based financial solutions provider. This collaboration is expected to … Read more

Stolen Crypto Traced: Ugandan Police Arrest Suspect in Blockchain Educator’s Abduction

Ugandan law enforcement has arrested Phineous Biira, a suspect in the abduction of crypto educator Festo Ivaibi on May 17. Suspect Has Criminal Record Ugandan law enforcement has arrested one of the suspects involved in the abduction crypto trader and educator Festo Ivaibi on May 17. The arrest occurred after forensic experts traced the stolen … Read more