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Crypto in Africa

Nigerian SEC mandates local offices for crypto sandbox entry

Nigerian SEC mandates crypto firms to open local offices for regulatory sandbox participation

Nigeria's SEC unveils strict requirements for crypto firms, including local presence and hefty penalties, as it seeks to regulate the burgeoning digital asset market amidst global challenges.

Nigeria’s crypto crackdown: U.S. Congress pushes for Binance exec’s release from Nigerian prison

Nigeria’s crypto crackdown: U.S. Congress pushes for Binance exec’s release from Nigerian prison

A bipartisan House resolution urges Nigeria to free Tigran Gambaryan, detained since February, citing health concerns and due process violations.

FATF report: Global crypto regulation still lagging

97% of African countries struggle with crypto compliance: FATF

FATF’s latest review also reveals that 75% of jurisdictions globally fall short of crypto compliance.

Nigerian Binance users transact using fictitious names, CBN official testifies

Nigerian Binance users transact using fictitious names, CBN official testifies

Olubukola Akinwumi, a CBN deputy director, revealed how Nigerians trading on Binance use false names to hide their identities.

FSCA Commissioner Unathi Kamlana

From rigid rules to flexible principles: South Africa’s approach to financial innovation

South Africa’s financial conduct regulator aims to foster innovation while protecting consumers, as crypto licensing efforts continue.

Binance vs Nigeria: A timeline of events as they unfold

Binance vs Nigeria: A timeline of events as they unfold

From regulatory concerns to legal battles: Key events in the Binance-Nigeria saga and their impact on Africa's crypto landscape.

Crypto exchange KuCoin imposes 7.5% VAT on transaction fees for Nigerian users

Crypto exchange KuCoin imposes 7.5% VAT on transaction fees for Nigerian users

This follows the suspension of KuCoin’s P2P service for Nigerians in May. The remittance process of the VAT is unclear.