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Trader Loses 1,680 BTC Fight as South African Court Classifies Bitcoin as Capital
3.6.2026
A South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) because it holds value, is used for speculation, and is accepted by merchants. The Catalyst: Seizure of 1,680 Bitcoins A South African High Court has ruled that bitcoin...
South Africa Rules out Foreign Stablecoins as Payment Tools to Curb Dollarization
2.6.2026
South African financial regulators have clarified that cryptocurrencies and stablecoins are not legal tender. Crypto Still Excluded From Legal Tender Status South African regulators have reiterated that cryptocurrencies and stablecoins are neither money as defined in the country’s National Payments...
Economist Dawie Roodt Warns South Africans May Drop Local Currency as Crypto Rules Tighten
27.5.2026
A South African economist warns that the National Treasury’s proposed crypto regulations are an unenforceable attempt at state control that will ultimately backfire. The Push Toward Decentralized Tech South Africa’s continued reliance on exchange controls will push citizens toward cryptocurrencies...
Namibia Judge Revokes Bail for Eight Missing Suspects in Crypto Fraud Trial
23.5.2026
Chinese nationals charged in an international cryptocurrency fraud and human trafficking ring in Namibia failed to appear in court and have been traced back to China. State authorities have requested Interpol’s assistance to locate them. Six Chinese nationals facing human trafficking...
South African Treasury Extends Crypto Rule Deadline to June 30 After Backlash
21.5.2026
South Africa’s National Treasury and central bank have assured the crypto industry that proposed capital-flow regulations will not criminalize digital asset ownership or apply retrospectively. Modernizing Exchange Controls South Africa’s National Treasury and the South African Reserve Bank have...
MTI Liquidators Face 9,441 Claims as $35.8M Estate Shrinks Before Payouts
14.5.2026
Liquidators of Mirror Trading International, a massive South African crypto pyramid scheme, have received over 9,441 claims totaling nearly $395 million. Shrinking Assets and Rising Legal Costs Liquidators overseeing the collapse of Mirror Trading International (MTI), once described as South...
Nigerian Fintech Paga Expands Into Tokenized Bonds and Real Estate Through Sui Partnership
9.5.2026
Nigerian fintech pioneer Paga has partnered with the Sui blockchain to integrate cryptocurrency infrastructure into its platform. A Roadmap for Digital Finance Nigerian fintech pioneer Paga has entered a partnership with Sui blockchain, marking the company’s most significant push into crypto...
Kenyan Court Detains Man 7 Days Over $440,000 Crypto App Fraud Probe
7.5.2026
A Kenyan court has ordered the weeklong detention of a man accused of operating a fraudulent cryptocurrency investment platform. Suspicious App Triggered Investigation A Kenyan court ordered the weeklong detention of the alleged operator of a fraudulent cryptocurrency-themed investment platform,...
Kenyan Central Bank Moves to Vet VASP Applications With 4 Hires
1.5.2026
The Central Bank of Kenya is reportedly actively recruiting for its first-ever dedicated virtual asset service provider supervision team. Key Takeaways: CBK opened recruitment for 4 VASP oversight roles following the passage of the 2025 VASP Act. The recruitment signals that the CBK aims...
Nigeria’s Greenafrica Claims $100k Top Prize as Hedera Hackathon Draws 45,000 Participants
29.4.2026
The Hashgraph Association and Exponential Science have concluded a hackathon that attracted over 45,000 participants and generated more than 1,300 project submissions. Key Takeaways: On April 29, THA and Exponential Science named Greenafrica the top winner of the 2025 Hedera Africa Hackathon....
From Speculation to Stability: Discovery Bank Report Reveals 7.8M South Africans Now Invest in Crypto
27.4.2026
A new report by Discovery Bank and Visa highlights a major shift in South Africa’s financial landscape, as cryptocurrency matures from a speculative trend into a mainstream investment class. Key Takeaways: Discovery Bank and Visa report that 7.8 million South Africans now treat crypto as...
South Africa Crypto Draft Triggers 1M Rand Fine Warning From Valr CEO
26.4.2026
Industry leaders and financial experts have issued a sharp rebuke of the South African National Treasury’s Draft Capital Flow Management Regulations 2026, calling the proposal a regressive move that mirrors apartheid-era economic controls. Key Takeaways: National Treasury draft replaces 1961 rules...
Declare Your Crypto or Face Jail: South Africa’s Aggressive New Capital Flow Rules
23.4.2026
South Africa’s proposed capital flow management regulations 2026 introduce strict new requirements for travelers entering or leaving South Africa with cryptocurrency. Key Takeaways South African Treasury draft rules require visitors to declare crypto or face up to 5 years in prison. New 2026...
Credit Bank PLC Partners With Anzens to Pilot USDA Stablecoin in Kenya
23.4.2026
Kenya’s Credit Bank has partnered with Anzens to pilot the USDA stablecoin, potentially becoming the first licensed commercial bank in an emerging market to directly mint and distribute a stablecoin. Key Takeaways: Credit Bank PLC and Anzens launched a pilot to slash cross-border payment fees to...
VALR and Onafriq Pioneer Direct Local Currency Funding for African Crypto Users
10.4.2026
VALR has integrated with Onafriq to allow users across the continent to fund their wallets using mobile money. Key Takeaways: VALR and Onafriq integrated to allow mobile money funding across 43 African markets in 2026. Mobile money added $190 billion to GDP in 2023, making this Onafriq deal vital...
East Africa Leads Stablecoin FX Compression in Q1 2026, Borderless Benchmark Reports
10.4.2026
Stablecoin FX rates hit interbank parity in Latin America during Q1 2026, while East African corridors compressed pricing gaps by as much as 81%, according to the Borderless Benchmark Quarterly Insights: Q1 2026 report. Key Takeaways: The Borderless Benchmark Q1 2026 report analyzed 1.15 million...
8 African Nations Advance Crypto Regulation as Adoption Accelerates Across Emerging Markets
8.4.2026
Africa’s crypto regulation is accelerating as Ripple highlights eight nations advancing formal oversight, driving adoption and investment while positioning the region for deeper integration into global digital asset markets. Key Takeaways: Ripple highlights 8 African nations advancing crypto...
Ripple Highlights $205B in Africa On-Chain Value With 52% Growth
8.4.2026
Africa’s digital asset adoption is rapidly expanding as Ripple highlights rising usage, regulatory clarity, and growing institutional demand across key markets. Key Takeaways: Ripple highlights $205B+ in on-chain value, signaling massive capital inflows into Africa. 52% growth shows Africa...
Central Bank of Nigeria Selects Six Entities for New Virtual Asset Pilot
2.4.2026
The Nigerian central bank has launched a pilot program to supervise anti‑money laundering and counter‑terrorism financing compliance among crypto and fintech firms. Six VASPs Tapped for New Supervisory Pilot The Central Bank of Nigeria has officially launched an anti-money laundering...
Industry Groups Warn New Crypto Rules Could Drive Kenyan Startups Offshore
30.3.2026
Representatives of the Kenyan industry warn that proposed licensing rules could exclude startups, concentrate the market among well‑funded firms, and push users toward offshore platforms. Strict Licensing and Oversight Requirements Kenya’s cryptocurrency industry is reportedly raising concerns over...