Naira-backed stablecoin cNGN debuts on local exchanges
As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.
Policy
Kenyan crypto group submits policy proposals to regulators
VACC touted a review of the digital asset tax to the Kenyan technical working group on virtual assets regulations as part of its recommendations.
SARB governor opposes crypto lobbyists influencing government decisions
Kganyago is unmoved by calls for government-owned bitcoin reserves, claiming the cryptocurrency is no different from apples and beef.
Namibia shores up crypto regulations, grants provisional licenses to two crypto firms
The country wants these firms to meet its preauthorization requirements before they are fully licensed.
South Africa’s FSCA licensed 248 crypto firms in 2024
Pan-African exchange, Yellow Card, also secured an FSCA-issued financial service provider license late in the year
Zanzibar introduces blockchain sandbox for startups
The archipelago in Tanzania wants to position itself as a hub for technological innovation.
Kenya’s apex court upholds 3% Digital Asset Tax
Meanwhile, the KRA said it is working on a system to ensure real-time compliance with the tax regime.