Kenya

Kenya edges toward crypto regulation as parliament passes VASP bill

The bill has scrapped the creation of a new agency, VARA, and has instead placed VASPs under the CMA and CBK’s regulatory oversight.

Uganda launches CBDC pilot in $5.5 billion tokenization drive

The digital currency is backed by Ugandan treasury bonds and can be accessed via smartphones.

SWIFT partners with global and African banks on blockchain-based shared ledger

The network also wants its system to be compatible with more modern digital finance rails such as stablecoins

USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund

Circle joins the Swiss-based venture capital firm to invest in early-stage African blockchain companies over a period of ten years from 2022.

Nigeria set to tax individual crypto transactions and exchanges in 2026

Individual crypto transactions will now be subjected to a maximum of 25% personal income tax on profit made.

Sub-Saharan Africa now the third-fastest-growing crypto region, Chainalysis

Nigeria led the region with $92.1 billion in value received over the 12-month period, nearly three times that of South Africa.

South Africa’s Altvest to raise $210 million for Bitcoin treasury reserve

The Johannesburg-based firm will rename itself Africa Bitcoin Corp. and hold the cryptocurrency on its balance sheet.