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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 and counter-financing of terrorism supervisory pilot program. The new pilot is designed to align Nigeria … Read more
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 draft regulations that would require firms to hold significant amounts of paid-up capital before obtaining operating licenses. … Read more
Circle Internet Group, Inc. and Sasai Fintech have announced a strategic collaboration to accelerate the adoption of USDC and strengthen digital financial infrastructure across the African continent. Circle and Sasai Fintech, a business of Cassava Technologies, launched an initiative to integrate internet-native stablecoin payments into the regional economy. The partnership focuses on reducing costs and … Read more
Binance is reportedly discussing an out-of-court settlement with Nigerian authorities to resolve its ongoing tax evasion case. The Multi-Billion Dollar Legal Dispute Top cryptocurrency exchange Binance has reportedly initiated talks with Nigerian authorities to resolve its ongoing tax evasion case through an out-of-court settlement. At a hearing before High Court Judge Emeka Nwite in Abuja, … Read more
Ghana’s Securities and Exchange Commission has launched a regulatory sandbox framework under the Virtual Asset Service Providers Act. Sandbox Duration and Transition Paths Ghana’s Securities and Exchange Commission has taken another step in shaping the country’s digital asset landscape by announcing the operational rollout of its regulatory sandbox framework under the Virtual Asset Service Providers … Read more
Economist Dawie Roodt has issued a warning that central bank digital currencies could become tools for authoritarian control due to their “programmable” nature. The Authoritarian Risk South African economist Dawie Roodt warned that central bank digital currencies, or CBDCs, could become instruments of authoritarian control if governments exploit their programmable features. Speaking at a recent … Read more
Nedbank has partnered with Crypto.com to develop blockchain-powered payment and settlement solutions across Africa. The collaboration aims to reduce cross-border transaction costs while expanding access to digital dollar liquidity through USDC. Africa’s Banking Future Gets Blockchain Boost From Nedbank Partnership Nedbank has announced a strategic partnership with Crypto.com to explore blockchain-powered payment and settlement solutions … Read more
The Rwandan central bank has launched a 12-month pilot program for its central bank digital currency, following a successful proof of concept completed in late 2025. Building on Proof of Concept Success The National Bank of Rwanda (NBR) has announced a 12-month central bank digital currency ( CBDC) pilot program, following research that recommended a … Read more
A consortium of South African firms has launched ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the local currency. Transparency and Reserve Management A consortium of South African financial and fintech firms—Luno, Sanlam Specialised Asset Management, Easyequities, and Lesaka—has unveiled ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the South African rand. The partners describe … Read more
Following the passage of the virtual asset service providers (VASP) Act (Act 1154), the Bank of Ghana has launched the National Virtual Assets Literacy Initiative. Strengthening Oversight and Consumer Protection The Bank of Ghana (BOG) recently launched a cryptocurrency awareness initiative dubbed the National Virtual Assets Literacy Initiative (NAVALI). The launch of NAVALI is a … Read more