Kenya

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South Africa’s Ezeebit Closes $2 Million Seed Round With Founder Collective to Scale Stablecoin Payments

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Ezeebit, a South African crypto payments infrastructure startup, has raised $2.05 million in seed funding to expand its stablecoin-based payment network across South Africa, Kenya, and Nigeria. Funding to Drive Product Development and Expansion Ezeebit, a South African stablecoin and cryptocurrency payment infrastructure company, has successfully closed a $2.05 million (R34.9 million) seed funding round … Read more

Investigators From Over 10 African Nations Trained in Kenya on Digital Asset Forensics

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Investigators from more than 10 African countries—including Nigeria, South Africa, and Uganda—recently completed a week-long course in Kenya on cryptocurrency crime investigations. Equipping Detectives with Advanced Forensic Skills Kenya’s Directorate of Criminal Investigations (DCI) recently concluded a major regional training initiative aimed at strengthening Africa’s capacity to combat cryptocurrency-related crime. Investigators from over 10 African … Read more

Kenya on Cusp of Landmark Crypto Law After Parliament Passes VASP Bill

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Kenya’s Parliament has passed the Virtual Asset Service Providers (VASP) Bill at its Third Reading, sending the comprehensive digital asset regulation to President William Ruto for assent. Integrated Oversight and Licensing Kenya is one step away from enacting its first comprehensive law to regulate digital assets after the National Assembly passed the virtual asset service … Read more

USDT Used to Launder $4 Million in Kenyan Bank Heist, Report Says

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A major Kenyan bank is facing a significant internal breach, with about $4 million (KES 500 million) stolen by contractors involved in its IT infrastructure. Investigations indicate that USDT was central to the laundering process, with funds transferred to multiple offshore wallets, complicating recovery efforts. The Directorate of Criminal Investigations (DCI) has launched an investigation … Read more

Sam Altman’s World Ordered to Stop Biometric Data Collection in Kenya

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The Kenyan High Court has ordered Sam Altman’s World to cease processing, collecting or dealing in biometric data without conducting a Data Protection Impact Assessment. The order also requires Worldcoin to permanently delete biometric data collected in Kenya without proper assessments within seven days. Worldcoin Activities in Contravention of Data Protection Laws The Kenyan High … Read more

Ripple Deploys RLUSD in Kenya as Blockchain Aid Faces Real-World Drought Test

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Ripple’s blockchain-powered RLUSD will instantly disburse aid to Kenyan pastoralists facing drought, using satellite data and smart contracts to automate, trace, and optimize relief. Ripple’s RLUSD Brings Instant Relief to Kenya With Blockchain-Driven Auto Payouts Ripple unveiled a new blockchain-based drought relief initiative on April 4, targeting arid communities in Kenya’s Laikipia County. Collaborating with … Read more

Kenya Set to Embrace Cryptocurrency: Government Prepares Legislation to Regulate Virtual Assets

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Kenya is set to introduce legislation that would permit the use of cryptocurrencies. Kenyans Retain Interest in Crypto Despite Government Opposition Kenya is preparing legislation that would allow the use of cryptocurrencies, a senior official in President William Ruto’s government has said. In a statement explaining the policy shift, Kenyan Treasury Cabinet Secretary John Mbadi … Read more

Kenya National Fire Brigades Association Adopts Bitcoin

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The Kenya National Fire Brigades Association (KENFIBA) has become the first labor union in Kenya to adopt bitcoin. This move, facilitated by Proof of Workforce, aims to support the union’s efforts to improve working conditions and emergency response capabilities for firefighters in Kenya. By integrating bitcoin into their balance sheet, KENFIBA seeks to enhance its … Read more